El Salvador: Better Conditions for Exporting to China

The Chinese tariff for unroasted coffee dropped from 50% to 8%, medicines decreased from 30% to 4%, fishmeal from 11% to 2% and plastics, from 50% to 6.5%.

Wednesday, March 25, 2015

From a statement issued by the Ministry of Economy of El Salvador:

The Ministry of Economy held an event with the aim of publicizing new business opportunities that have emerged in the mainland market, after El Salvador decided to raise the tariff reserve in place since 2001 on products of Chinese origin.

During the event it was explained to the attendees that when China joined the World Trade Organization, El Salvador had the right to impose higher tariffs on Chinese products, although in practice it never made use of that right, while China did apply high tariffs to Salvadoran products.

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