China removes taxes targeted by WTO case
Dec 18, 2012 | 11:23 AM
SHANGHAI China has apparently decided to heed a World Trade Organization (WTO) ruling by removing a range of raw material export taxes that were the target of a successful complaint.
None of the materials concernedsilicon, magnesium, manganese flake and metallurgical cokewere included in an updated schedule of customs tariffs for 2013 posted on the Chinese Ministry of Finances website Monday.
An official at the ministrys taxation department told AMM sister publication Metal Bulletin that a 20-percent tax on manganese, a 15-percent tax on silicon and a 40-percent tax on metallurgical coke would be canceled as of Jan. 1. Local websites reported that taxes on all nine materials included in the WTO case would be repealed. These also include bauxite, zinc, fluorspar, silicon carbide and yellow phosphorus.....
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