Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


The Chinese government issued tariff exemptions for 16 products, including shrimp and fishmeal

Government waives tariffs on US shrimp for first time since the trade war began

Click on the flag for more information about China CHINA
Thursday, September 12, 2019, 20:30 (GMT + 9)

The Chinese government issued tariff exemptions for 16 products for the first time since the start of commercial hostilities between the two countries.

HONG KONG - CNN inform that China has just exempted more than a dozen US products from import tariffs. It is the first time that Beijing has issued such exemptions since the trade war between the United States and China began.

The Chinese government issued tariff exemptions for 16 products, including shrimp, fishmeal and cancer treatment medications.(Maine Lobster is not confirmed yet)

Chinese importers can request a refund of the tariffs already applied to 12 of the products. Four products, including whey, are eligible for exemption, but not for refunds.

Exemptions will begin on September 17 and will last one year.

The Trident Seafood plant in North Naknek (Alaska) located at the mouth of the Naknek River, central to the five major river systems supporting the world’s largest run of wild sockeye salmon. Built directly uphill from Trident’s shoreside plant, the new fishmeal and oil plant processing factory, with a $22M investment, converts all of the heads, guts and other waste products from production into sustainably produced fishmeal, fish oil and fish bones. (Photo: Trident Seafood)

The move is notable because it is ahead of the next round of face-to-face talks between US and Chinese officials in Washington. But analysts pointed out that the exemption list did not include the main products subject to tariffs, such as soy or meat.

"The Chinese tariffs that really matter are those that apply to agricultural and manufacturing goods in the United States, produced primarily in states with strong support for [President] Donald Trump," said Artur Baluszynski, chief of research at Henderson Rowe. "We just don't see China willing to negotiate on them before the race for the US presidential elections really begins."

Iris Pang, an economist in the Greater China region for ING, added that while exemptions could be seen as a "gesture of sincerity," they are "probably more a means of supporting the economy."

The trade war is weighing on the Chinese economy, which is suffering a great drop in its growth. And tariffs have become more severe lately. The United States has imposed tariffs on Chinese products worth hundreds of billions of dollars.

Beijing has counterattacked with its own tariffs that target more than 5,000 US products. Some of them have already entered into force, while others are expected to do so in the coming weeks.

The Tariffs Commission of the State Council of China, which made the announcement on Wednesday, said it will continue to review waiver requests and announce new lists in the future.

Beijing is also looking for other ways to compensate for the effects caused by tariffs, including the diversification of its sources of agricultural imports. On Tuesday, the Argentine Ministry of Agriculture announced that China would allow the import of soy flour from that country. Soy flour is the largest export product in Argentina.

[email protected]
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
New Zealand
Oct 18, 22:00 (GMT + 9):
Mussel breeding programme expected to generate USD 126m a year
United Kingdom
Oct 18, 19:00 (GMT + 9):
Brexit agreement is gateway to UK’s exit from CFP
Worldwide
Oct 18, 17:00 (GMT + 9):
Weekly movements of fishmeal and fish oil (Norway, China, Peru) - W41
Norway
Oct 18, 16:50 (GMT + 9):
Export movements of Atlantic salmon - W41
United Kingdom
Oct 18, 07:00 (GMT + 9):
New tool offers interactive look at seafood environmental and social perfomance
United Kingdom
Oct 18, 06:00 (GMT + 9):
Regional strategy seeks to help East Anglia revive its fisheries after Brexit
United States
Oct 18, 05:10 (GMT + 9):
Federal court rules expansion of Washington industrial shellfish aquaculture 'unlawful'
Guyana
Oct 18, 03:50 (GMT + 9):
WWF presents five-year sustainable marine fisheries management plan
Canada
Oct 18, 00:20 (GMT + 9):
Oceana´s investigation reveals widespread seafood fraud in Canada (Video)
United Kingdom
Oct 17, 23:00 (GMT + 9):
UK and Faroe Islands sign fisheries agreement
Peru
Oct 17, 22:50 (GMT + 9):
Giant squid exports expected to grow 20% this year
Chile
Oct 17, 22:30 (GMT + 9):
Osorno court condemns Multiexport Foods subsidiary for contaminating Rupanco Lake
Canada
Oct 17, 22:20 (GMT + 9):
New tool can help lobster fishery adress impacts of climate change
Indonesia
Oct 17, 19:50 (GMT + 9):
Consortium of companies seal cooperation agreement with Norwegian company on fish farming
United Kingdom
Oct 17, 19:00 (GMT + 9):
IN BRIEF - Sawfish numbers in global stronghold are dropping, prompting calls for fishing protection



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Chinese vessel fined USD 1 million for illegal fishing
Ghana Owners of the Chinese fishing vessel, Lu Rong Yuan Yu 956 will have to pay a USD1 million fine for illegal fishing in Ghana and additional USD 22,700 (GHS 124,000) for having fish onboard. The Chines...
Reports show EU countries have not enforced fish discard ban
European Union Three major European countries have not enforced the EU ban on fish discards, threatening the sustainability of European fish stocks. Environmental lawyers from ClientEarth have released three report...
Government rejects inaccurate statements about unilateral increase of jack mackerel quota
Peru The Ministry of Production says that the quota of 138,000 tons of jack mackerel applies to waters under national jurisdiction and is therefore not set by the OROP-PS The SPRFMO set...
EC pushes for long-term sustainability of Baltic stocks at AGRIFISH Council
European Union Fisheries ministers are meeting at the AGRIFISH Council in Luxembourg on 14 and 15 October to reach a political agreement on the Baltic fishing opportunities for 2020. Karmenu Vella, Commissioner for ...
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim Ltd (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2019 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER