China to permit duty free export of some wood
In order to respond to the global economic slowdown and
keep stable growth in foreign trade, two notices (Notice
No. 120 and No. 121) were issued jointly by the Ministry
of Commerce and the General Administration of China’s
Customs on 31 December 2009, to amend the Catalogue
of Restricted and Prohibited Products for Processing
Trade. Effective 1 February 2009, China will allow duty
free export of some products including certain wood
products. A total of 1,730 ten digit tariff code items of textiles, plastic products, wood products and metal
products will be removed from the Catalogue of Restricted
Products for Processing Trade, making up 77% of the total
number of previously restricted products worth USD30
billion. A total of 27 ten digit tariff code items of copper,
nickel and aluminum materials will be removed from the
catalogue of prohibited products for trading, comprising
USD1.5 billion of the total export value.