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China reinstate coal tariff to help industry

(Xinhua)    19:49, October 09, 2014
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BEIJING, Oct. 9 -- China's tariff committee on Thursday decided to end zero duty on five coal products and reintroduce most-favored nation tariffs varying from 3 percent to 6 percent, beginning Oct. 15.

The tariffs for anthracite and coking coal will be set at 3 percent, that bitumite at 6 percent, and those for briquets and other coals at 5 percent.

The new tariff arrangement will limit coal imports and help struggling domestic producers, analysts said.

(Editor:张媛、Bianji)
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