Eternal Technologies Group, Inc. (OTCBB:ETLT) ("Eternal") today announced that the Chinese government has repealed the Agricultural Tax effective January 1, 2006. In essence, this repeals a tax which has existed in China for 2600 years. The policy rational for the repeal of this tax is to provide an additional incentive for agricultural development as the consumption of agricultural products has risen sharply along with the growth in the Chinese economy.
