- Title: China defends tariffs on sugar imports, says will maintain fairer trade
- Date: 25th May 2017
- Summary: BEIJING, CHINA (MAY 25, 2017) (REUTERS) CHINESE COMMERCE MINISTRY SPOKESMAN SUN JIWEN WALKING IN FOR REGULAR BRIEFING MEDIA (SOUNDBITE) (Mandarin) CHINESE COMMERCE MINISTRY SPOKESMAN SUN JIWEN, SAYING: "To take safeguards according to law will help maintain a fairer and more predictable sugar market and trade order and will be in the basic interest of all parties in the long term." MEDIA (SOUNDBITE) (Mandarin) CHINESE COMMERCE MINISTRY SPOKESMAN SUN JIWEN, SAYING: "China encourages foreign investment in high-end manufacturing industry including auto sector, and will continue to relax restrictions and open up in an orderly fashion." BRIEFING IN PROGRESS
- Embargoed: 8th June 2017 07:56
- Keywords: manufacturing industry trade order sugar market China commerce ministry
- Location: BEIJING, CHINA
- City: BEIJING, CHINA
- Country: China
- Topics: Economic Events
- Reuters ID: LVA0016IC62Z1
- Aspect Ratio: 16:9
- Story Text:China's recent decision to impose extra tariffs on sugar imports would help maintain a fairer market and trade, the Chinese commerce ministry said in Beijing on Thursday (May 25), its first comment on the safeguards announced earlier this week.
The comments followed criticism of the decision by major sugar exporter Brazil, which an industry group said is set to suffer a sharp reduction in exports because of the Chinese tariffs.
The Ministry's spokesman Sun Jiwen also told media at the regular briefing that China will continue to relax foreign investment rules for the country's auto sector and other high end manufacturing, lifting restrictions in an orderly fashion.
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