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China is to abolish import duties |
| Sales of finished products to China can treble China is to abolish import duties on semi-finished and finished products. International exporters of natural stone therefore expect a definite rise in export figures and hence higher revenues for deliveries of finished products to China. Experts expect this Asian market for polished slabs to develop into the second largest export market after the United States in the next five years. According to information from the industry, about 260,000 tons of stone blocks were shipped to China in 2004. If exports were exempted from tax, the same quantity would achieve at least three times the 35.6 million USD turned over last year. The duties on semi-finished and finished products until now have been up to 38 %. |