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WTO Promise of Cheaper Overseas Fruits

People will find fruits from overseas much cheaper after March this year because of China's entry to the World Trade Organization (WTO), predict representatives of the United States' Florida Oranges Association.

In line with new tariff standards, import duties and added-value taxes for imported agricultural products will be lowered from the current 52.5 percent to 15-20 percent  savings that should be passed on to customers.

It is estimated that the amount of overseas fruits on the Chinese market will increase considerably.