China Cuts Tariff Rates on Large Range of Imported Seafood
SEAFOODNEWS.COM by John Sackton and Amy Zhong January 11, 2016
China's Ministry of Finance announced a significant range of tariff reductions on seafood products, to take effect January 1, 2017.
The move is part of a Chinese government policy to normalize seafood imports in recognition that imported seafood has become popular with domestic consumers. More moves that normalize seafood imports are likely to follow.
The principal beneficiaries of the tariff reduction will be companies in Russia, Canada, the US and Norway.
The major reductions include H&G frozen cod and pollock. For cod, the tariff will fall from 10% to 2%.
For Pollock, from 10% to 5%....
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