The trade mission of the Russian Federation said that China will reduce duties on more than 950 goods from January 1

The Chinese government is going to cut rates on seafood, including salmon and cod, as well as fruits, cheese, cancer drugs.

From January 1, 2022, the Chinese authorities will reduce import duties on more than 950 goods to stimulate the development of foreign trade relations. This was announced on Monday by the Trade Representation of the Russian Federation in China.

According to information published in the Telegram channel of the trade mission, the purpose of the upcoming adjustment is "to ease the financial burden for the population, increase the availability of certain imported medicines and medical products, as well as food products." It is assumed that the change in duties below the most favored nation (MFN) level will positively affect the low-carbon development of the country.

As specified in the statement, the Chinese government is going to lower rates on seafood, including salmon and cod, as well as fruits, cheese, anti-cancer drugs, and high-tech products. In addition, duties on battery components, gelatin and pork are canceled from the beginning of next year.

In 2022, the production and export of agricultural products should increase The 

trade mission also noted that from July 1, 2022, China will reduce the customs tariffs of the MFN on 62 goods in the field of information technology.