China announces reduction of import tariffs on whisky to five percent

The Customs Tariff Commission of the State Council announced cuts to whisky import tariffs. The rate will drop from 10 percent to 5 percent on February 2.

Insights:
BEIJING, Jan 30 (Reuters) - The Customs Tariff Commission of the State Council announced on Friday that China CNCNwill lower its tariffs on whisky imports to 5% from 10%. This government policy change was revealed on Jan 30 and is set to take effect starting February 2. The announcement was made by the Customs Tariff Commission of the State Council, which is the government body responsible for setting tariff rates within the country.
A bottle of whisky is left on the bank as fishing starts on the opening day of the salmon fishing season on the river Tay near Meikleour, Scotland, Britain, January 15, 2019. REUTERS/Russell Cheyne
A bottle of whisky is left on the bank as fishing starts on the opening day of the salmon fishing season on the river Tay near Meikleour, Scotland, Britain, January 15, 2019. REUTERS/Russell Cheyne
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