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China said not to change tariff on auto-parts imports
China's Ministry of Commerce said the 10% tariff on imported auto parts won't be lowered, state radio reported Sunday.
Recent media reports saying the ministry will scrap the tariffs from Sept. 1, are a misunderstanding of the policy, said the radio report.
The ministry and other government bodies will change the rules on imported auto parts from Sept. 1 after World Trade Organization last year ruled that they were unfair, but the tariff won't be touched, the report added.
China levies a 10% tariff on imported auto parts, and a 25% tariff on the import of finished automobiles, according to the radio report.
From: Dow Jones |