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According to the notice of the Ministry of Finance, in order to further implement the scientific development concept, promote sound and rapid economic and social development, and play an active role in promoting development, restructuring, deepening reform, and improving people's livelihood, the State Council's Tariff Commission will review And reported to the State Council for approval, starting from January 1, 2010, China will further adjust the import and export tariffs, mainly related to MFN tariff rates, annual provisional tax rates, agreed tax rates, preferential tax rates and tariffs.
In 2010, China will continue to fulfill its tariff reduction commitments to join the World Trade Organization and reduce import tariffs on six kinds of products such as fresh strawberries. Continue to implement tariff quota management for 7 kinds of agricultural products such as wheat, corn, rice and rice, sugar, wool, tops and cotton, and urea, compound fertilizer and diammonium hydrogen phosphate, and continue to import a certain amount of cotton for tariffs. The implementation of sliding tax, the tax rate will remain unchanged, and the 1% provisional quota rate will continue to be applied to urea, compound fertilizer and diammonium phosphate. Continue to implement specific or compound tax on 55 kinds of products such as frozen chicken, and the tax rate will remain unchanged. After adjustment, the total tariff level of China is 9.8%. The average tax rate of agricultural products is 15.2%, and the average tax rate of industrial products is 8.9%. So far, China’s accession to the World Trade Organization’s tax reduction commitments has been fully fulfilled.
In order to promote economic restructuring, promote energy and resource conservation and ecological environmental protection, and meet the needs of economic and social development, in 2010 China will implement a lower annual import provisional tax rate for more than 600 products, mainly including coal, granite, phosphate rock. Resource products such as stone and lapis lazuli, basic raw materials or key components such as naphtha, vinyl chloride, polycarbonate, and micro-light components for optical communication, public health products such as infrared human body thermometers, human vaccines, and plasma. Daily consumer goods such as perm, household water purifiers, household dishwashers, and advanced production equipment such as high horsepower engines, tea pickers, and clothing liquid nitrogen finishing machines. In 2010, we will continue to implement selective tax on natural rubber, and appropriately reduce the tax rate for specific taxes; continue to impose export tariffs on petroleum, rare earth, wood pulp, billet and other products at a tentative rate; continue to urea, phosphoric acid Fertilizers such as ammonium are subject to export tariffs and different tax rates apply in the domestic fertilizer season.
In order to expand bilateral and multilateral economic and trade cooperation, in 2010 China will be based on China-ASEAN, China-Chile, China-Pakistan, China-New Zealand and other free trade agreements and the Asia-Pacific Trade Agreement, which are native to the 10 ASEAN countries, Chile, and Pakistan. Some imported goods from countries such as New Zealand, South Korea, India, Sri Lanka, and Bangladesh implement a more favorable treaty rate than the MFN tariff rate. Under the framework of the Closer Economic Partnership Arrangement between the Mainland and Hong Kong and Macao, zero tariffs will be imposed on goods originating in Hong Kong and Macao and having established preferential standards for origin. At the same time, China will continue to impose preferential tax rates on some of the goods from 41 least developed countries, such as Laos and Ethiopia.
In order to adapt to the needs of scientific and technological progress, industrial restructuring, trade structure optimization, and strengthening import and export management, under the premise of complying with the relevant principles of the World Customs Organization, some of the tax items in the import and export tariffs have been adjusted, and hydroxylamine sulfate has been added. Recombinant human insulin, food grade glacial acetic acid, quick-setting permanent magnets and other tax items. After the adjustment, the total number of import and export tax items in China in 2010 will increase from 7,868 in 2009 to 7,923.
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Next year, China will adjust the total tariff rate of import and export tax rates by 9.8%.
According to the website of the Ministry of Finance, since January 1, 2010, China will further adjust the import and export tariffs, mainly related to MFN tariff rates, annual provisional tax rates, agreed tax rates, preferential tax rates, and tariff lines. After the adjustment, the total number of import and export tax items in 2010 will increase from 7,868 in 2009 to 7,923, and the total tariff level will be 9.8%.
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