China Wood Products Prices

16-31th January 2007

China reduces tariffs to an average 9.8%
China has reduced its average tariff level to 9.8% as of 2007, ranging from a 15.2% average tariff for agricultural products and 8.95% for industrial products, according to China Customs Tariff Commission of the State Council. In addition, 1,600 eight-digit tariff items have been changed
in the regulations (about 20% of the total eight-digit tariff items). These include mechanic and electric products, chemicals, textile, wooden products, base metal and alloy. This is the largest change in China’s tariff regulation over the last ten years. As a result of the changes, the number of tariff items has risen from 7,605 to 7,646.

Abbreviations

LM        Loyale Merchant, a grade of log parcel	Cu.m         Cubic Metre
QS         Qualite Superieure	Koku         0.278 Cu.m or 120BF
CI          Choix Industriel	FFR            French Franc
CE         Choix Economique	SQ              Sawmill Quality
CS         Choix Supplimentaire	SSQ            Select Sawmill Quality
FOB      Free-on-Board	FAS            Sawnwood Grade First and
KD        Kiln Dry	Second
AD        Air Dry	WBP           Water and Boil Proof
Boule    A Log Sawn Through and Through	MR              Moisture Resistant
the boards from one log are bundled	pc         per piece
together	ea                each
BB/CC  Grade B faced and Grade C backed	MBF           1000 Board Feet
Plywood	MDF           Medium Density Fibreboard
BF         Board Foot	F.CFA         CFA Franc
Sq.Ft     Square Foot	Price has moved up or down