Reductions in Chinese ferroalloys export tariffs being mulled for 2013

Dec 13, 2012 | 11:27 AM | None

Tags  ferroalloys, Chinese tariffs, export tariffs, Feng Jinping, department of customs, ministry of finance, China Ferr-alloys Association, ferrocilicon molybdenum

SHANGHAI — Speculation is mounting that China will cut export taxes on ferroalloys in 2013, not only to support local producers but also in response to a ruling that the tariffs broke World Trade Organization (WTO) rules.

"In order to advance the growth of economy and the industry, the tariffs (on some products) may be adjusted moderately," Feng Jinping, deputy director of China’s department of customs at the Ministry of Finance, said at a recent ferroalloys industry conference.

China revises customs duties on some products on Jan. 1 each year, but Feng didn’t confirm details of the possible tax adjustment, which he said would be announced "soon."....

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