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China to issue extra 1.1mln ton cotton import quota for 2012 -website
1/13/2012 3:45:10 PM
BEIJING: China will soon issue another 1.1 million tonne cotton import quota for 2012, an industry website reported on Thursday, citing industry sources.
The extra quota will be subject to a sliding tariff ranging from 5 percent to 40 percent, according to a report published on www.cottonchina.org, a website run by Cotlook Ltd, the China Cotton Association and the China National Cotton Exchange.