Taiwan mulls mutual waiver of tariffs on petrochemicals with China

26-Jun-08
Taiwan plans to discuss a mutual waiver of tariffs on petrochemicals and chemical fibres with China. China currently imposes a minimum tariff of 6.5% on petrochemical imports. As per a report, 40% of Taiwan's petrochemical products are exported, of which the country exports almost 80% to China.
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Large capacity chemical storage tanks

Large capacity chemical storage tanks