01/08/2024 – 11:54
China extended, or reduced, the import tariff on 143 Argentine agribusiness products, informed the Secretariat of Agriculture, Livestock and Fisheries of the Argentine Ministry of Economy. In a note, the secretariat highlighted that the Chinese Ministry of Finance's measure aims to reduce prices and stimulate final consumer spending, as well as adjust or modify temporary tariffs already applied, according to the evolution of market demand and supply. in the local market. China implemented this policy in 2016 for supplier countries that do not have a free trade agreement.
The reductions should improve conditions for access to the Asian country's market, said the Argentine secretariat.
Products such as dairy products will benefit (reduction to 0% for dairy infant formulas for medical use and maintenance at 8% for non-fresh cheeses, 5% or 0% for dairy infant formulas, 2% for whey and 5% for dairy protein) , oilseeds (maintenance of temporary tariffs on flax and sunflower seeds, from 15% to 9%) and orange juice (the reduction from 30% to 20% was maintained).
The list also includes products such as animal feed and pet food, vegetables and spices, fish, fruits, foods and wood.
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