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China to cancel export tariff on iron ore in 2019-The 20th China(Guangzhou) Die-casting, Foundry & Industry Furnace Exhibition
12/25/2018 壓鑄展-鑄造展- Die-casting expo-foundry expo |
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According to the report, China released an announcement of canceling the export tariff on 94 products including iron ore in 2019.
Tariffs on import products from Hong Kong or Macau would also be canceled totally. It was the policy for improving the slow economy and stimulating the trade activity.
Furthermore, the taxes for imported aircraft engines would be remained low, and above 700 items would be levied temporary tariffs next year.
It was expected to bring significant influences on the AUD, since China imported a large quantity of iron ore from Australia.
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