CHINA: Lower car import tariffs and more quota planned for 2003 - report
China will usher in more foreign cars next year by lowering import tariffs and raising quotas in line with its World Trade Organisation commitments, the official Xinhua News Agency said Thursday, according to Reuters. Citing Xinhua quoting the Foreign Trade Ministry, Reuters said China would cut vehicle import duties by 5.6% next year and boost import quotas by 15% to $US9.125 billion.
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