CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

China to raise tariffs on certain rare earth exports in 2011

12-15-2010 10:40 BJT

BEIJING, Dec. 14 (Xinhua) -- China will raise export tariffs on certain rare earths in 2011, said a statement on the website of the Ministry of Finance (MOF) Tuesday.

From Jan. 1, 2011, China will adjust tariff rates on certain exports and imports and the changes have been approved by the State Council, or the Cabinet.

The statement, however, did not specify what types of rare earth products would be included in the readjustment.

China has honored all its commitments to the World Trade Organization (WTO) by 2010 and will continue with the tariff rates for most-favored nations in 2011, the statement said.

China will levy relatively lower yearly temporary imports tariffs on about 600 resources-related products, basic raw materials and key parts in 2011 to boost energy-saving and environmental protection, it said.

Included for the first time in the lower yearly temporary imports tariffs are propane, butane, fatty acid and high-definition cameras, among others.

The statement added China will honor its commitments on free trade or preferential tariffs signed with other countries or regions in 2011.

Following agreements, some countries will enjoy tariffs lower than that of the most-favored tariffs in 2011, including the Association of Southeast Asian Nations (ASEAN) countries, Chile, Pakistan, New Zealand, Peru, the Republic of Korea and India.

According to the economic cooperation framework agreement signed between the Chinese mainland and Taiwan, the mainland will levy agreed tariffs on about 500 products from Taiwan in 2011.

Editor:Du Xiaodan |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program