China Shrinks Customs Duties on Imported Cars

World | May 23, 2018, Wednesday // 15:32
Bulgaria: China Shrinks Customs Duties on Imported Cars The Financial Express

China will reduce import duties for cars by 10 percent. This was reported by the Chinese Ministry of Finance, the World Agencies have reported.

The decrease will occur on July 1. Fees drop from 25% to 15%.

There will be a reduction of 6% for the taxes on auto parts.

The country also intends to open its markets and buy more US goods, the authorities say. Their statement comes days after China and the United States said they would calm down economic relations with each other and would not lead to a trade war.

We need your support so can keep delivering news and information about Bulgaria! Thank you!

World » Be a reporter: Write and send your article
Tags: duties, cars, China
Advertisement All Are Welcome! Join Now!
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria