China’s export tax removal will thwart tungsten smugglers
China’s move to scrap export taxes on certain noble alloys will remove the incentive to smuggle tungsten products, market participants said as they debated the likely impact on prices globally.
China will cancel export taxes on tungsten, molybdenum, vanadium pentoxide (V2O5) and various other metals from May, the country’s Ministry of Finance said on Thursday April 23. The long-anticipated move was in response to a ruling by the World Trade Organization last year on trade disputes between China and other countries over rare earths, molybdenum and tungsten.
Related Posts
P50-M worth of smuggled toys, candies seized
The Bureau of Customs (BOC) confiscated around P50 million worth of smuggled...
Suspect to appear before court for smuggling illicit cigarettes.
A 31-year-old suspect is expected to appear before the Lehurutshe Magistrates'...
N.Y. is top destination for smuggled cigarettes
A study released in March by a tax group shows an increase in cigarette smuggling...
Seminar on Counterfeiting, Smuggling on Feb 21
Thiruvananthapuram, Feb 19 (UNI) A seminar on ‘Combating Counterfeiting and...