The government will adjust the import and export duties on some products from January 1 to save domestic resources and ensure better trade balance.
Import duties on alumina, refined copper and coal will be removed, and the export taxes on some steel products, coking coal and coke will be raised, the Ministry of Finance said on Wednesday.
The import duty on alumina is currently three percent, and the import tax on refined copper, two percent. Taxes on coal products range from three to six percent.
Also, the government will cut import tariff on gasoline, diesel and jet kerosene from two to one percent, a statement on the ministry's website said. The tariff on the two products was reduced from between five and six percent to two percent on November 1, 2006.
In addition, the three percent import tax on anthracite and coking coal will be lifted.
