Economic news
China to cut coal import tariffs to zero from May 1
2022.04.28 11:06
FILE PHOTO: Workers operate loaders unloading imported coal at a port in Lianyungang, Jiangsu province, China December 5, 2019. REUTERS/Stringer
BEIJING (Reuters) – China will cut import tariffs for all types of coal to zero from May 1, 2022, until March 31, 2023, the Ministry of Finance said in a statement on Thursday.
The policy comes as Beijing strives to ensure energy security amid soaring global benchmarks and supply disruption concerns.