China and Vietnam Rubber Association reported that they hope to reduce import tariffs on rubber

According to the Vietnamese "material" recently reported that China Rubber Industry Association (CRIA) recently recommended that the Government reduce the import tariffs of natural rubber, natural rubber at the same time to build a strategic reserve in order to ensure the industry to cope with the international price of natural rubber.

Reported that the prices of natural rubber, automotive tire manufacturers against a background of declining profits, the association hopes to rubber import duty from 20% to 12%. Is a ton of natural rubber have to pay 20% import tax, equal to 2600 yuan / ton.

Reported that China is the world's largest natural rubber consumer and importer, more than 70% of rubber imported from South-East Asia. The Chinese government worries rubber is too low import duties, the domestic rubber growers may have a negative effect.