Brazilian exporters expected to take full advantage of the safeguard lapse, which will see the tariff for foreign sugar shipments to China above the annual quota level reduced. Photo: Reuters Brazilian exporters expected to take full advantage of the safeguard lapse, which will see the tariff for foreign sugar shipments to China above the annual quota level reduced. Photo: Reuters
Brazilian exporters expected to take full advantage of the safeguard lapse, which will see the tariff for foreign sugar shipments to China above the annual quota level reduced. Photo: Reuters

China’s sugar industry ‘panics’ as Beijing removes protective tariff in a bid to plug shortage

  • In a bid to fill a shortfall in sugar demand, China has let a safeguard tariff lapse, meaning foreign imports will now be cheaper to buy
  • Local industry ‘panicked’ by the move, which may put a stop to widespread smuggling of sugar along China’s border regions

Topic |   China economy
Brazilian exporters expected to take full advantage of the safeguard lapse, which will see the tariff for foreign sugar shipments to China above the annual quota level reduced. Photo: Reuters Brazilian exporters expected to take full advantage of the safeguard lapse, which will see the tariff for foreign sugar shipments to China above the annual quota level reduced. Photo: Reuters
Brazilian exporters expected to take full advantage of the safeguard lapse, which will see the tariff for foreign sugar shipments to China above the annual quota level reduced. Photo: Reuters
READ FULL ARTICLE