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China Signals Dropping Its Tariff on Coal Imports after Free Trade Deal is Reached

Posted October 22, 2014

Under Economic Issues, International Trade Issues

(The Australian)

CHINA has flagged a repeal of the newly introduced tariff on Australia coal imports once a free trade agreement between the two countries is finalised.

Treasurer Joe Hockey met with Chinese Finance Minister Lou Jiwei in Beijing today ahead of the APEC Finance Minister’s meeting tomorrow.

China made the surprise move a fortnight ago to introduce levies of 3 per cent on coking coal and 6 per cent on thermal coal for countries with which it did not hold an FTA. Read more here.