China Bids To Keep Higher Industrial Tariffs at WTO

From AFP:

China on Monday sought to persuade the World Trade Organisation to let it keep higher tariffs on industrial goods in any global trade deal, sparking fierce opposition from developed countries.

China, which joined the WTO in 2001, wants to be able to charge tariffs above the 23 percent level proposed for developing countries, citing its status as a “recently acceded member,” trade officials attending talks here said.

Beijing is also seeking a 3-5 year grace period to implement tariff cuts rather than the 2 years currently proposed.

Read also China must do more to unlock WTO impasse – EU from Reuters.

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