Bag a bargain: China to cut import duties on luxury items including foreign-made bags and garments

December 10, 2015

Beijing will cut import duties on more consumer products such as suitcases and sunglasses from January to boost domestic demand, following a similar move last year. The tax cuts are aimed at making foreign-made daily necessities and luxury goods cheaper for local consumers and at spurring the economy by encouraging shoppers to make such purchases locally.

Read Full Article: Link


Topics: IMPORT TARIFFS

Regions: CHINA

Authors: SOUTH CHINA MORNING POST

RTA

In Other News

APEC Leaders Debate Approach to Trade Tensions, WTO Issues at Port Moresby Summit

November 22, 2018

Leaders from 21 Asia-Pacific Economic Cooperation (APEC) economies wrapped up their annual summit this past weekend in Port Moresby, Papua New Guinea, tackling a host of subjects relating to region...READ MORE

EU, South Africa Discuss Options for Closer Economic Ties at Presidential Summit

November 22, 2018

South African leaders met with their European counterparts in Brussels for a presidential summit on 15 November to discuss future opportunities for cooperation, including on economic issues. Discus...READ MORE