China to remove agricultural products import quotas
Publish Date : 2019/08/07 - 09:58

China commerce ministry declared on Wednesday that china plans to remove some products such as soybean oil, rapeseed oil and palm oil from its import tariff quota management.

The news was published after imposing tariffs on $300 billion of Chinese imports by US and Chinese companies had stopped buying US agriculture products. Therefore, it leads to escalating trade disputes between two sides.

The commodities were removed from tariff quota management list posted on the official website of ministry of commerce and it means that they will not be subject to restrictions and it is possible to be exacted on other products including wheat, corn and rice.

Source: Reuters

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