China working on tax exemptions for U.S. soybean, pork importsChristian Fernsby ▼ | December 6, 2019
China is working on tax exemptions on part of the soybeans and pork imported from the United States in light of applications submitted by related enterprises, the Customs Tariff Commission of the State Council said.
Chinese food U.S. soybean
Topics: China tax U.S. soybean pork import
According to domestic needs, Chinese enterprises import a certain amount of goods from the United States through market-based procurement.
The enterprises are expected to purchase goods eligible for exemption on the basis of independent negotiation, import as they see fit, and bear the related profits or losses, the commission said. ■