China to remove some import and export tariffs

Trade war casualty: A file picture showing soybeans being harvested in Owings, Maryland. China’s trade war with the US has unsettled the global soy market after it virtually stopped all imports of US soybeans. — AFP

BEIJING: China plans to remove import and export tariffs in 2019 on a range of goods, including import taxes on alternative meals used in animal feed, to secure supplies of raw materials amid trade tensions with the United States and boosting outbound cargoes.

Import tariffs on so-called alternative meals, which include rapeseed meal, cotton meal, sunflower meal and palm meal, will be removed from Jan 1, 2019, the finance ministry said in a statement on its website on Monday.