China ready to implement lower tariffs to boost imports

Friday, March 4th 2011 - 05:56 UTC

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China will reduce import tariffs on a range of products and further cut red tape involved in import application procedures, to “maintain balanced trade” according to statements from a senior official to a local newspaper. Read full article

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GeoffWard
“…. there is plenty of scope to slash tariffs on certain categories, including luxury goods” and “the government could consider reducing tariffs on high-tech goods.”

“China will issue guidelines to promote imports of mechanical and electrical products, especially those related to new energy, energy saving, high-end manufacturing, low-carbon technology, aerospace, shipbuilding and railways.”

What an opportunity for Brasil!
Brasil produces high-end goods and has long sought to export to China with finished products. Executive jets are a no-brainer, but the other areas will need some years of facilitated development to bring Brasilian products to the quality (and quantity) necessary to meet China’s exacting standards.

My greatest concern is the short life of such exports – the cloning-culture of Chinese enterprises means that any good Brasilian imported product will be cloned and produced internally within a year or two …….. where’s the incentive there?
Mar 04th, 2011 - 10:51 pm - Link - Report abuse 0
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