Tariffs seen to remain steady
Print Edition
THE general level of China’s import tariffs will stay steady once the nation’s 15-year World Trade Organization transitional period ends, the Ministry of Commerce said yesterday.
Since China’s WTO entry in 2001, it has worked to lower tariffs. By 2010, China’s overall tariff level had dropped to 9.8 percent from 15.3 percent, said ministry spokesman Shen Danyang.
“This means by 2010 China’s tariff reduction commitments had been basically fulfilled,” Shen said.
His remarks followed reports that once the transitional period ends in July, import prices will drop drastically.
China’s WTO Accession Protocol in 2001 gave it 15 years to gradually open up its economy.
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