China reduces anti-dumping tariffs on US chicken
China is to reduce its anti-dumping tariffs on chicken products from the United States starting this week after the World Trade Organization (WTO) reached a decision last year on a dispute between the two countries which has lasted four years, the Ministry of Trade said Tuesday, July 8.
China will reduce its anti-dumping tariffs to between 46.6% and 73.8% on imports from suppliers in the United States, such as Tyson Foods and Pilgrim's Pride, which is a division of Brazil's JBS. It will also reduce tariffs against subsidies to 4% to 4.2% for US chicken producers, the ministry says.
The USA's poultry exports to China have fallen by 90% in the past four years, costing an estimated US$ 1 billion, after China imposed its high anti-dumping tariffs in 2010.
Information provided by Exame Magazine website