April 2, 2019 / 8:49 AM / 3 months ago

China okays first batch of poultry exports to EU under lower tariffs

BEIJING, April 2 (Reuters) -

* China has okayed the first batch of poultry exports to the European Union under reduced tariffs by issuing customs certificate to a Shandong-based firm, the General Administration of Customs said on Tuesday

* According to annual quotas agreed by the EU in November, 6,600 tonnes of Chinese duck meat and 5,000 tonnes of chicken meat are subject to the lower import tariffs of 8-10.9 percent

* China filed a complaint with the World Trade Organization over high EU poultry import tariffs in 2015; its companies previously had to pay a fixed rate of 2,765 euros ($3,095.42) per tonne on poultry exports to the EU

* The low-tariff agreement will save Chinese poultry exporters around 120 million yuan ($17.85 million) a year, the customs statement said

* All 17 Chinese poultry firms qualified to export to the EU are based in Shandong, in eastern China, according to the statement, which did not name the companies ($1 = 0.8933 euros) ($1 = 6.7219 Chinese yuan) (Reporting by Muyu Xu and Tom Daly; Editing by Gopakumar Warrier)

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