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China's RCEP tariff concessions still guard growth sectors

Beijing's plans for new megadeal shed light on industrial priorities

China appears intent on protection its EV sector by keeping protective tariff longer under the newly agreed RCEP trade deal.   © Reuters

TOKYO -- China's plans for phasing out tariffs under the Regional Comprehensive Economic Partnership have shed light on Beijing's strategic thinking on nurturing industries, with electric-vehicle technologies positioned as a top priority that will enjoy long-term tariff protection.

Under the new massive trade deal signed on Sunday, China is set to scrap tariffs immediately on a large portion of items that are currently subject to a roughly 2% to 6% tariff, mostly in areas where China already is a competitive player.

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