China: Tariff reductions show country continues to open its market

Since Jan 1 of this year, China has begun implementing provisional import tax rates lower than the most-favored-nation rate on 1,010 types of goods from foreign countries, with zero tariffs on some of them. The new rates cover 143 types of agricultural and industrial products from Argentina. The South American country's media recently reported that China's move has greatly benefited Argentine dairy products, seafood, sweet corn and other items.