In July, China adjusted tariffs on imports of textiles from five countries including India.
The State Council Customs Tariff Commission announced on the 26th that it has applied the "Asia-Pacific Trade Agreement Second Amendment" Agreement to the import of goods originating in Bangladesh, India, Laos, South Korea, and Sri Lanka starting from July 1, 2018. tax rate. The list includes chemicals, agricultural products, medical supplies, textiles, clothing, steel and aluminum products. These products have been reduced to different degrees of tariff rates.
Among them, the tax rate on textile materials has been reduced. For example, other cashmere yarns for retail sales have fallen from 6% to 4.2%, and the lighter-weight cotton plain weave fabrics have been reduced from 10% to 6.5%.