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Chinese Finance Minister Jin Renqing says China will stop collecting export tariffs on textile goods, starting January 1st, 2006.

He said on Thursday that China has reached deals with the European Union and the United States this year. Based on the deals, China should self-control the volume of textile exports to the two regions.

He explained China will scrap export tariffs, otherwise, textile enterprises would suffer more limits.

The export tariffs imposed this year were aimed at adjusting the pace of textile exports, helping to maintain the world textile trade order and promoting the sustainable development of the Chinese textile industry.

Meanwhile, Jin Renqing said China will further cut import tariffs on more than 100 categories of products beginning next year, which implies China is basically in accordance with tariff reduction commitments employed since entry into the World Trade Organization in 2001.

Items to enjoy lower import tariffs from January 1st include oil, chemicals, automobiles and auto parts.

He said since China has fulfilled most of its tariff reduction obligations, the latest plan will not have a big impact on China's overall tariff level. China's overall level of import tariffs will remain at 9.9 percent in the coming year.

Jin Renqing added that China has reduced its average import tariff to 15.3 percent for farm produce and 9.0 percent for industrial goods since 2001, much lower than the world average level.