Recently the Ministry of Commerce in China issued a notice announcing the tariff import quotas on wool and wool tops for the year 2011. As per the notification, tariff quota of raw wool is 287,000 tons and that of wool top is 80,000 tons.
The 2011 import tariff quotas for wool and wool top will be allocated on "first come first served" basis. A designated authority of the Ministry of Commerce will issue the certificates for importing both the commodities.
The designated authority will stop accepting applications from applicants, once the total number of released quantities reaches the quota limits for 2011.
The eligibility criteria for applying is that the applicant should have held import tariff quotas for 2010, has an import record, or is newly established or have processing capacity of wool and wool tops of over 5000 tons per year.
Fibre2fashion News Desk - China
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