China to drop aluminum import duty, impose export duty on rod and bar - ministry
07/19/07 07:56 am (GMT)
BEIJING (XFN-ASIA) - China will scrap the import duty levied on aluminum to zero from the current 5 pct and impose an export duty of 15 pct on aluminum rod and bar, the Ministry of Finance said.
In a statement published on its website, the ministry said the measures will both take effect from Aug 1.
China's regulatory agencies reiterated earlier that they will strengthen controls on exports of energy-intensive products and natural resources, and adjust export and import taxes further, in moves to achieve balanced trade.
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