China to Slash Import Tariffs on Recycled Copper, Aluminium Materials
TEHRAN (Tasnim) – China will lower import tariffs on ethane and specific recycled copper and aluminum raw materials starting next year, the Ministry of Finance announced on Saturday.
The adjustments, effective Jan. 1, aim to boost imports of high-quality goods, stimulate domestic demand, and foster high-level economic openness, the ministry said in a statement.
Provisional tariffs below most-favored-nation rates will apply to 935 items. The reductions on ethane and certain recycled copper and aluminum materials are intended to support green and low-carbon development.
Conversely, tariffs on commodities such as molasses and sugar-containing pre-mixed powders will increase. However, reductions will be applied to items including cyclic olefin polymers, ethylene-vinyl alcohol copolymers, and automatic transmissions for specialized vehicles like fire trucks and repair vehicles.
Additional reductions will cover products such as sodium zirconium cyclosilicate, viral vectors for CAR-T cancer therapy, and nickel-titanium alloy wires used in surgical implants.
The China-Maldives Free Trade Agreement, set to take effect on Jan. 1, will also include tariff reductions under its implementation framework, the ministry added.
