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my country will adjust some import and export tariffs from next year

Date：

2018-06-27

Following the reduction of import tariffs on some consumer goods on December 1, 2017, from January 1, 2018, my country will also partially adjust other import and export tariffs.

my country will adjust some import and export tariffs from next year

Following the reduction of import tariffs on some consumer goods on December 1, 2017, from January 1, 2018, my country will also partially adjust other import and export tariffs.

It is reported that in 2018, the import tariffs of digital X-ray photography system flat panel detectors, dobby machines or jacquard machines, power battery cathode materials, advanced pharmaceutical raw materials, coconut bran and other commodities will be reduced by means of the temporary import tax rate; and the import of automobile molds will be appropriately expanded. Scope of application of the provisional tax rate.

The provisional import tax rate for nickel ingots will be appropriately increased. The provisional import tax rate for commodities such as waste magnesia brick, scrap steel slag, and waste slag shall be cancelled, and the implementation of the most-favored-nation tax rate shall be resumed. Cancel export tariffs on products such as steel and chlorite, and appropriately reduce export tariffs on products such as ternary compound fertilizer, apatite, coal tar, wood chips, ferrosilicon, and steel billets.

In order to promote the "Belt and Road" initiative and the construction of free trade zones, my country will implement agreed tax rates on some imported goods originating in 26 countries or regions. Among them, the China-Georgia Free Trade Agreement will be newly implemented in 2018, and further tax reductions will be implemented. Free trade agreements between China and ASEAN, Pakistan, South Korea, Iceland, Switzerland, Costa Rica, Peru, Australia and New Zealand; the free trade agreements between China and Singapore, Chile and the third round of tariff reduction arrangements under the Asia-Pacific Trade Agreement continue to be implemented; The Closer Economic Cooperation Arrangement (CEPA) with Hong Kong and Macau will appropriately expand the scope of goods subject to zero tariffs, and continue to implement the Cross-Strait Economic Cooperation Framework Agreement (ECFA).

In addition, on July 1 next year, my country will also launch the third tax reduction for information technology and other products, and at the same time, adjust the provisional import tax rate of some information technology products accordingly. Next year, my country will continue to implement the APEC commitment to reduce taxes on environmental products and continue to give zero-tariff treatment to the least developed countries.

In 2018, the total number of tax items after adjustment was 8,549.