Chinese authorities from January 1, 2020 will reduce tariffs on more than 850 types of imported products, DW reported.

Thus, such measures have been taken in order to meet the growing demand of Chinese consumers for foreign products.

According to data published on the website of the Ministry of Finance of China, duties will be reduced for a wide range of food products, products of extractive industries and the chemical industry, as well as petroleum products, in particular aviation kerosene (from 9% to 0%) and diesel fuel (from 6% to 1%), clothes and carpets (from 6% to 5%), industrial, television and specialized equipment, optical instruments and some types of tractors, electric generators.

According to the Ministry of Finance, from July 1, 2020, tariffs for telecommunication equipment and office equipment will also be reduced. The next year, the ministry emphasized, the Chinese authorities will further reduce duties on goods from 23 countries and territories with which it was agreed to lift mutual trade restrictions, including from Australia, Georgia, Iceland, Costa Rica, New Zealand, Pakistan , Peru, South Korea, Singapore, Switzerland and Chile, as well as the countries of the Asia-Pacific region.