SCMP - Tuesday, December 14, 2004
Textile flood faces export tariffs

 

REUTERS

China will impose export tariffs on some textiles in a move that may ease concerns by the United States and others over a flood of Chinese goods on world markets after a global quota system expires.

The move, reported by state media yesterday, was one of eight measures announced by the commerce ministry to help the industry adjust smoothly to freer trade.

The ministry did not say which products would be subject to the new tariffs, but said the duties would be based on quantity rather than value. "We hope that by adopting this measure, we can encourage the export of high-value products and further optimise the structure of China's textile export industry," the ministry said. 

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