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Since January 1, 2019, China has adjusted some import and export tariffs.

Source:         Date:2018-12-25 09:47:36

The relevant person in charge of the Customs Department of the Ministry of Finance introduced that in order to actively expand imports, reduce the institutional costs of import links, and assist the supply-side structural reforms, China will impose a provisional tax rate on imports of more than 700 commodities, including new miscellaneous and some drugs. Zero tariffs on raw materials for production, appropriate reduction of cotton slip tax and provisional tax rate for some fur imports, cancellation of provisional tax rate on imports of four kinds of solid wastes such as manganese slag, elimination of lithium ion battery cells for thionyl chloride and new energy vehicles The import of the provisional tax rate, resume the implementation of the MFN tariff rate. We will continue to implement a lower import provisional tax rate for advanced equipment such as aero-engines, automobile production line welding robots, natural forages, natural uranium and other resource products that are not needed for domestic development.

In order to adapt to the reform needs of the export management system, promote the structural adjustment, quality improvement and efficiency improvement of the energy resources industry. From January 1, 2019, chemical fertilizers, apatite, iron ore, slag, coal tar, wood pulp, etc. 94 items are no longer subject to export duties.

In order to support the construction of the “Belt and Road” and free trade zones, accelerate the economic and trade cooperation between China and relevant countries, and create external conditions conducive to the long-term healthy and stable development of the economy. In 2019, China will produce some goods originating in 23 countries or regions. The implementation of the agreed tax rate, including China and New Zealand, Peru, Costa Rica, Switzerland, Iceland, Australia, South Korea, Georgia FTA and the Asia-Pacific Trade Agreement. According to the goods trade agreement signed between the Mainland and Hong Kong and Macao, zero-tariff will be fully implemented for imported goods originating in Hong Kong and Macao. As the MFN tariff rate decreases, the preferential tax rates for Bangladesh and Laos under the Asia-Pacific Trade Agreement are adjusted accordingly.

Starting from July 1, 2019, China will also implement the fourth step of tax reduction on the MFN tariff rate of 298 information technology products, and adjust the provisional tax rate of some information technology products accordingly.

The above adjustments are conducive to giving full play to the important functions of tariffs to make full use of domestic and international markets and resources. It is conducive to the overall coordination of the balanced development of relevant domestic industries, and is conducive to promoting open cooperation, sharing development results, and promoting the steady growth of China's foreign trade.