China’s Ministry of Finance announced a significant range of tariff reductions on seafood products, to take effect January 1, 2017.
The move is part of a Chinese government policy to normalize seafood imports in recognition that imported seafood has become popular with domestic consumers. More moves that normalize seafood imports are likely to follow.
The principal beneficiaries of the tariff reduction will be companies in Russia, Canada, the US and Norway.
The major reductions include H&G frozen cod and pollock. For cod, the tariff will fall from 10% to 2%.
For Pollock, from 10% to 5%.
The tariff on herring will fall from 10% to 2%.
For king crab, the tariff will fall from 10% to 5%, and for cold water shrimp especially from Canada, Russia and Greenland, the tariff will fall from 5% to 2%.
For live king crabs, an increasingly important import from Russia, the tariff will fall from 14% to 7%.
For Lobsters, from 15% to 10%, and for Geoducks, from 14% TO 10%.
The complete table of the seafood tariff reductions is below (click on image for larger version).
YangQi Foods has focused on top quality seasoning seafood products for over 8 years in China. As a global supplier in the sushi seafood, seasoning seafood products, YangQi foods is to create added value for customers around the world., but now have become one of the leading suppliers in the seasoning seafood industry in China.
Besides our existing molded products, We also can produce OEM products according to the requirement from our customers. We control the product quality critically for every step during the manufacturing from raw materials procurement to finished product testing. We offer technical support that is second to none. …