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China Will Adjust Tariffs In 2018

Mar 05, 2018

After consideration by the Customs Tariff Commission of the State Council and the approval of the State Council, following the December 1, 2017 reduction of import duties on some consumer goods, China will also make some adjustments to other import and export tariffs since January 1, 2018.


According to the head of the Customs Department of the Ministry of Finance, the import tariff adjustment in 2018 will continue to support innovation-driven development and supply-side structural reforms, encourage domestic import of advanced equipment, key components and energy raw materials, and reduce the number of digital X-ray photographic system flat-panel detectors, Dobby or jacquard machines, Power Battery cathode materials, advanced pharmaceutical raw materials, coconut bran and other commodities import tariffs, appropriate expansion of the automobile import mold Provisional tax rate applicable scope.


In order to better play the role of tariff macro-control, according to domestic and foreign supply and demand situation changes, will be appropriate to increase Nickel ingot Import provisional tax rate. According to the State Council's comprehensive prohibition of import environmental hazards, the masses reflect strong solid waste of the spirit of the import Waste Management catalogue with the adjustment time, the abolition of waste magnesia bricks, waste steel slag, waste slag and other commodities import provisional tax rates, the resumption of the implementation of MFN rates. Overall consideration of industrial development and export situation changes, will be abolished steel, chlorite and other products export tariffs, appropriate reduction of ternary compound fertilizer, apatite, coal tar, wood chips, silicon ferrochrome, billet and other products export tariffs.


In order to promote the "all along" and free trade zone construction, our country will implement the agreed tax rate on some imports originating in 26 countries or regions, of which the new China-Georgia FTA was implemented in 2018; Further tax reduction is China and ASEAN, Pakistan, Korea, Iceland, Switzerland, Costa Rica, Peru, Australia, New Zealand FTA; The continuing implementation of the FTA between China and Singapore, Chile and the third round of the Asia-Pacific trade agreement, and the Closer Economic cooperation Arrangement (CEPA) between the mainland and Hong Kong and Macao will appropriately expand the implementation of a zero-tariff range of goods, and continue to implement the cross-Strait Economic Co-operation Framework Agreement.


July 1, 2018 China will also start information technology and other products of the third tax reduction. Our country has imposed a second tax reduction on MFN rates for some information technology products on July 1 this year, a measure that will continue in the first half of next year, with a third tax cut starting next July 1 and a corresponding adjustment to the provisional tax rates for some information technology products. In 2018, our country will continue to implement the APEC Environmental Product tax reduction commitments and continue to grant zero tariff treatment to the least developed countries.


In order to meet the needs of domestic industrial development and import and export management, some tariff items will be adjusted in 2018. The total number of adjusted tariff items is 8,549.


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