China Increases Duty Drawback Rates for Luminaires to Fight the Trade War - Energy Watch News


China Increases Duty Drawback Rates for Luminaires to Fight the Trade War

The Chinese government has launched new policies to reduce the impacts of the U.S. tariffs on Chinese exporters. One of them is to raise duty drawback rates for the exported products. The policy will become effective on November 1st, 2018. The Ministry of Finance of China has issued the policy to increase duty drawback rates to 16 percent for luminaries and related lighting products. According to the official announcement, the goal of the revision is to optimize export tax policy and to respond to the complexity of the international situation. https://www.ledinside.com/

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