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China Implements Zero Tariff on Soybean

In the second amendment to Asia-Pacific Trade Agreement, China lifts the tariff on soybean (yellow, black, green etc. soybeans included) produced in the member states of this agreement ——India, South Korea, Bangladesh, Laos and Sri Lanka.

China aims to promote soybean production and exportation from these countries to China in response to the ongoing American trade disputes (Trump imposed 25% tariff on $50 billion Chinese goods).

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