China Starts to Reopen Gates to US Ethanol
Importers can apply for tariff exemptions starting March 2
China will offer tariff exemptions of nearly 700 types of goods from the US, including fuel ethanol, the Chinese government announced Tuesday, but traders are currently uncertain about its impact on future imports, reports S&P Global Platts.
Importers can apply for tariff exemptions starting March 2, according to a statement released by the Customs Tariff Commission of the State Council.
The exemptions would be for a year with each application would need to undergo an approval process.