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    • China offers tariff...

    China offers tariff exemptions on US medical equipment amid virus outbreak

    Medical Dialogues BureauWritten by Medical Dialogues Bureau Published On 2020-02-19T15:43:49+05:30  |  Updated On 19 Feb 2020 3:43 PM IST
    China offers tariff exemptions on US medical equipment amid virus outbreak

    Beijing: China will waive trade-war tariffs on imports of selected US medical equipment from March 2, the government said Tuesday, as the country battles to contain the new coronavirus epidemic.

    More than 72,000 people have been infected by the outbreak of the new COVID-19 strain in China, which has claimed the lives of over 1,800 people.

    Products that will qualify for the exemptions include patient monitors, blood transfusion equipment and instruments to measure blood pressure.

    The commission said the move was "to better meet the growing needs of Chinese consumers" and that it would accept applications from firms in China. The tariff exemptions will apply for a designated period, supporting firms that want to import from the US-based on "business considerations", said authorities.

    The list of eligible products also includes a wide range of food items such as frozen pork, beef and seafood.

    Read also: Coronavirus: Gilead drug remdesivir raises hope for China trials

    There has been a spike in pork prices in China over the past year due to African Swine Fever, which ravaged pig herds across the country.

    The latest move follows other exemptions or cuts that China has announced -- either related to its virus fight or a trade deal it signed with the US in January.

    At the start of the month, China said US imports that can be used in its fight against the deadly virus will be exempted from retaliatory tariffs imposed in the trade war.

    More than a week ago, Beijing also announced it would halve tariffs on USD 75 billion worth of US imports as part of its trade truce with the US.

    Read also: Prices of Paracetamol surge by 40pc as coronavirus shuts China

    coronavirusmedical equipmentCOVID-19
    Source : AFP

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    Medical Dialogues Bureau
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      Medical Dialogues Bureau consists of a team of passionate medical/scientific writers, led by doctors and healthcare researchers.  Our team efforts to bring you updated and timely news about the important happenings of the medical and healthcare sector. Our editorial team can be reached at editorial@medicaldialogues.in. Check out more about our bureau/team here

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