China to cut tariffs on soybeans from some Asia-Pacific countries

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China will cut import tariffs on soybeans from India, South Korea, Bangladesh, Laos and Sri Lanka from the current three percent to zero from July 1, China's State Council announced Tuesday.

The Customs Tariff Commission of the State Council issued a document, which also listed other products including chemicals, agricultural products, medical supplies, clothing, steel and aluminum products that will enjoy different degrees of tariff reduction.