New exports banned
9 April 2007
China will ban processing trade in more categories of chemical and resource products on April 26, in the latest move to restrict the export of resource-intensive products and to balance trade. The 2007 Prohibited List for Processing Trade, which includes 186 new categories, bans processing trade firms from dealing in 990 products, state media reported. The list includes products such as heavy diesel oil, apatite and lanthanon ore and other non-renewable resources, energy-consuming and high-polluting products. Most of the newly added products fall within the categories for which export tax rebates were scrapped or lowered. The prohibition was jointly released by the commerce ministry, the General Administration of Customs and the State Environmental Protection Administration. The government has updated the list every year since 2004.
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