SME Times is powered by   
Search News
Just in:   • Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia  • Europe facing earlier, stronger heatwaves: Climate scientist  • India and Namibia sign two MOUs in fields of health and entrepreneurship  • PM Modi arrives in Delhi after concluding 'productive and successful' 5-nation tour  • ASEAN to keep on consensus, inclusivity: Malaysian official 
Last updated: 02 Jan, 2018  

china.9.THMB.jpg China cuts import taxes on donkey skins

China.9.jpg
   Top Stories
» Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia
» Piyush Goyal holds talks with Malaysian minister on review of ASEAN trade pact
» India and OPEC have a unique and symbiotic relationship: Hardeep Puri
» SIP inflows hit all-time high in June, total AUM for equity MF at Rs 74.41 lakh crore
» India set to explore over 2.5 lakh sq kms area in one of largest offshore energy efforts
IANS | 02 Jan, 2018
China's reduction of the tax on the import of donkey skins, a product whose demand has led to a fall in the population of the animal, came into force on Monday.

According to an announcement made last week by the State Council, the tax was to be cut from 5 per cent to 2 per cent, Efe news reported.

China is a large market for donkeys, as their skins are used to create a gelatin known as "ejiao", which is extracted by soaking the skins in water and boiling them.

The gelatin can be used for a variety of purposes, including treating anaemia and as an aphrodisiac.

Donkey meat is also in demand in many regions of the country.

As a result, the donkey population in the country has dropped from 11 million in 1990 to 3 million in 2017, according to official Chinese statistics.

Due to local scarcity, traders have been increasingly looking for other suppliers, especially in Africa and Latin America.

In Africa, donkeys are often stolen by traders, and even if the animals are legally bought, they are skinned and the meat is left to rot due to a lack of means to preserve it and transport it to China.

African countries like Niger and Burkina Faso banned the export of donkey skins to China in 2016, while other governments have applied or are considering applying restrictions of several types, given the importance of these animals in agriculture and transporting goods.

The undamaged whole skin of a donkey fetches some 3,000 ($460) yuan currently.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter