ERJ staff report (BC)
Beijing - China, the world's largest rubber consumer, will cut import taxes on two types of natural rubber products for 2013, report Niu Shuping and Fayen Wong of Reuters.
Import tariffs for smoked rubber sheets will be set at 20 percent of the value and capped at 1,200 yuan per tonne, the Chinese finance ministry said in a statement. The maximum tax was set at 1,600 yuan a tonne in 2012.
The tax rate for technically specified natural rubber (TSNR) will also be reduced to a maximum of 1,200 yuan per tonne in 2013, down from 2,000 yuan per tonne in 2012. ($1.0=6.2415 yuan).