Import Tariff News
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Hanergy Holding Group Ltd., a Chinese renewable-energy company, purchased London-based Engensa Ltd. to expand into the U.K. residential solar market.
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China’s new local-currency loans exceeded estimates last month while money supply expanded at a faster pace, a sign policy makers are maintaining credit support for the economy after first-quarter growth unexpectedly slowed.
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China’s “surprisingly strong” import growth in the first four months may have been inflated by fake invoices as companies circumvented capital controls to move funds into China, according to Nomura Holdings Inc.
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General Motors Co., the largest foreign automaker in China, said it won regulatory approval to build a Cadillac factory to boost sales of luxury vehicles in the world’s biggest automobile market.
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U.S. rice farmers say they expect Japan will open its market to imports as American agricultural groups push a Pacific-region agreement that would create the world’s largest free-trade area.
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One of Sao Paulo’s most traditional Italian restaurants is urging its clients to forgo the tomato to protest what it considers President Dilma Rousseff’s policy of promoting growth at the expense of higher inflation.
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Grain South Africa, an industry body, will decide “soon” whether to seek an increase in the import tariff on wheat, General Manager Jannie de Villiers said today by phone from Pretoria.
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South Korea will temporarily remove an import tariff on milling-wheat shipments from Jan. 1 to help “stabilize” local prices, the nation’s finance ministry said.
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Russia will have to cut some import tariffs nearer levels accepted by its customs union partner Kazakhstan in World Trade Organization accession talks, said Eurasian Economic Commission Trade Minister Andrey Slepnev.
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South America’s Mercosur trade bloc rejected an Argentine proposal to raise imports tariffs on all goods to protect local industries, Uruguay’s presidential website said.
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