China's agricultural businesses are authorized to accept foreign cooperative Partners

   The State Development Planning Commission (SDPC) and the State Economic and Trade Commission are jointly working on a directory, which will grant joint venture projects in the sectors with preferential tax incentives. The directory allows foreign-invested agricultural projects in West China to enjoy reduced import tariffs, income taxes and financial levies for land use. 
      According to the new directory, foreign-funded agricultural projects that meet the State's current industrial guidelines for foreign investment will have a 15-percent tax cut from their income taxes in addition to the preferential tax treatment now given to the country's foreign-funded joint ventures for their initial three years of operation. Foreign-invested companies in East China, especially in the coastal areas, are now encouraged to invest in the west to expand their businesses.                                                                   

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