China to reduce trade tariff for Pakistan

KARACHI: China's Ministry of Finance (MoF) will adjust down ward tariffs on a number of exports and imports from various countries including Pakistan.

The new plan comes into force from next year, according to the Ministry of Finance (MoF) website, reports Xinhua news.

To meet domestic demand, tax rates will be lower on some imported commodities next year.

In line with trade pacts, more imports from Hong Kong and Macao will be tariff-free next year, while some commodities from countries including the Republic of Korea, Australia, Pakistan and New Zealand will see reduced tariffs.

The number of items to be taxed in 2017 will reach 8,547, said the plan.