China to further lower tariffs by 20-30%
Published: 24 Nov 2008 01:54:27 PSTNov. 24, 2008 (China Knowledge) - China will cut tariffs on agricultural and non-agricultural products by 20 to 30%, the China Securities Journal reported today, citing Zhang Xiangchen, a senior envoy at the Chinese Permanent Mission to the World Trade Organisation (WTO). The move will help stimulate international trade amid the global financial turmoil, said Zhang, without giving a timeframe for the tariff cut. Currently, China's average tariff on agricultural products is 15.2%, compared with 54% before the country's entry into the WTO. The average tariff for non-agricultural products is around 9%. Copyright © 2008 www.chinaknowledge.com Send feedback or comments to: news@chinaknowledge.com For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI | 
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