CRIA proposes elimination of NR import tariffs

ERJ staff report (DS)

Beijing – As prices of natural rubber increase, China’s Rubber Industry Association (CRIA) has once again called for import tariffs to be abolished.

A long report published on the CRIA website says the justification is that 80 percent of NR used in China is imported, and prices of NR have increased sharply in recent years.

The report says that NR costs represent around 40 percent of tyre production costs, and notes that a sharp slowdown in volume growth and export volumes and profits…

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