BEIJING, Oct. 26 2020 (Xinhua) -- China and Mongolia are expecting lower tariffs in bilateral trade after Mongolia's recent accession to the Asia-Pacific Trade Agreement (APTA), China's Ministry of Commerce said Monday.Starting on Jan. 1, 2021, Mongolia will cut tariffs on 366 categories of commodities, such as aquatic products, vegetables and fruits, timber and chemical products. Meanwhile, Mongolia will also enjoy favorable tariff policies, according to a statement posted on the website of the ministry.
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