December 24, 2018 / 3:59 AM / 23 days ago

China to remove import tariffs alternative meals from Jan 1

FILE PHOTO: Chinese and U.S. flags are set up for a signing ceremony during a visit by U.S. Secretary of Transportation Elaine Chao at China's Ministry of Transport in Beijing, China April 27, 2018. REUTERS/Jason Lee/File Photo

BEIJING (Reuters) - China’s finance ministry said on Monday that it will remove import tariffs on alternative meals, including rapeseed meal, cotton meal, sunflower meal and palm meal, from Jan. 1, 2019.

The move, part of a bundled programme to adjust import tariffs for more than 700 products, was taken to “actively increase imports and reduce institutional costs for imports,” China’s Ministry of Finance said in a statement on its website.

Reporting by Hallie Gu and Ryan Woo; editing by Richard Pullin

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