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Financial News: ARGENTINA: China Reduces Tariffs On Food Imports

ARGENTINA: China Reduces Tariffs On Food Imports

12/18/2017 - 22:54:00 (RTTNews)

(RTTNews) - The Chinese government has cut import tariffs for food products as of December 1, a decision that favors some of Argentina's exports, according to the South American country.

The regulations establish lower temporary tariffs aimed at reducing prices and stimulating spending of the final consumer on 187 products that China has to import.

According to the Argentinean government, there was a tariff reduction on 32 items that favor the country - for example, frozen shrimp (from 5% to 2%). That is one of the main export products of the Argentinean fishing sector to China. In the dairy sector, the tariff has been reduced for all cheeses, except for fresh ones.

In food and beverages, there will be a reduction in the tariffs for uncooked pasta, without egg (mainly comprising dried pasta) homogenized whiskey, said the Ministry of Agribusiness of Argentina.

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