Lower ethanol tariffs

China has agreed to lower the tariff on imports of ethanol to 5 percent from the previous 30 percent, which traders said could open the door for imports of fuel ethanol from countries like Brazil.

The Chinese Ministry of Finance announced last week that the import tax for alcohol and other spirits denatured of any strength would be 5 percent from January 1, 2010, and traders said the tax applies to imports of ethanol for fuel use as well.

Agencies
 

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