A new study by the Inter-American Development Bank has found that exports from Latin America and the Carribean could increase by 10% if China reduces its tariffs by more than 50 per cent.
The study also found that manufacturing goods exports could jump by 37 per cent, if Beijing’s import tariffs were reduced to the levels of the Paris-based Organisation for Economic Co-operation and Development (OECD), whose average is 3.6 per cent.
The study finds that the median tariff for China is about twice that of the OECD for agricultural goods and more than three times for manufacturing goods.
