The general level of China’s import tariffs will stay steady once the nation’s 15-year World Trade Organization (WTO) transitional period ends, the Ministry of Commerce (MOC) said on Thursday [18 June 2015]. Since China’s WTO entry in 2001, it has taken concrete steps to lower tariffs. By 2010, China’s overall tariff level had dropped to 9.8 percent from 15.3 percent, said MOC spokesperson Shen Danyang…Full Article: China Daily June 2015

Key Point

  • In July 2015, China’s 15 year transition period will end and may cause import prices to decrease.

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