Australia to cancel alumina export tax to China
Published: Friday, 28 November 2014
The cancellation of export taxes on Australian exports to China will boost imports of alumina from the country, as China’s bauxite resources are depleting. This is likely to impact Chinese alumina producers, which will no longer benefit from competitive domestic prices, owing to the present 17% tax on alumina imports from Australia.
China’s President, Xi Jinping, and Australia’s Prime
Minister, Tony Abbott, announced that Australia will not impose export
taxes on over 85% of its products traded to China,