China Lowers Tariffs on Imported Seafood Products
On Dec. 23, 2019, China officially announced it is cutting tariffs on some imports, set to take effect Jan. 1, 2020. With the increasingly great popularity of foreign seafood products in China, some products will benefit from such a decision to the tariffs. In turn, it is expected the oriental market also will change as a result.
According to the tariff-reduction list, tariffs on frozen Atlantic salmon (03031300) has dropped from 7% to 5%, while those on tunas (03034100, 03034200, 03034400, 03034510, 03034520 and 03034600) have declined by 1%. Those on...
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