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From January 1, 2020, China will adjust import tariffs on some commodities

2019-12-24 By Suny Group

In order to implement the spirit of the 19th CPC National Congress and the 2nd, 3rd, 4th Plenary Sessions of the 19th CPC Central Committee and the Central Economic Work Conference, and to promote the development of high-quality trade, the State Council ’s Tariff Commission has issued a notice since the approval of the State Council since January 2020. Starting from the 1st, import tariffs on some commodities will be adjusted.

In order to actively expand imports, stimulate import potential and optimize the import structure, starting from January 1, 2020, China will implement tentative import tax rates for more than 850 commodities below the MFN tariff rate. Among them, in order to better meet the needs of people's lives, a moderate increase in imports of domestic consumer goods that are relatively scarce or have foreign characteristics, and new or reduced provisional tax rates on imports of frozen pork, frozen avocados, and non-frozen orange juice; to reduce the cost of medication Promote the production of new drugs, implement zero tariffs on alkaloids used to treat asthma, and raw materials for the production of new types of diabetes drugs; in order to expand the import of advanced technologies, equipment and parts, support the development of high-tech industries, add or reduce semiconductor testing Sorting tape machine, high-pressure turbine gap control valve, torque converter and aluminum valve core for automatic transmission, ferroniobium, multi-element integrated circuit memory, raw materials for large-scale film, dispersion for photoresist, culture medium and other products Tentative import tax rate; to encourage domestic demand for resource-based product imports, new or reduced import tax rates for some timber and paper products have been added or reduced.

In order to promote the coordinated development of trade and the environment, in accordance with the State Council ’s comprehensive prohibition on the import of solid wastes that are harmful to the environment and the masses strongly reflect the solidarity, it is in line with the adjustment of the import waste management catalogue. From January 1, 2020, tungsten waste is eliminated. Scrap materials and niobium waste and scrap materials are tentatively taxed on imports, and the most-favoured-nation tax rate will be resumed.

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