Customs Tariff Commission: To lower some import tariffs from Jan. 1st
2019-12-23 17:12:51 [Print]
Approved by the State Council, Customs Tariff Commission of the State Council released a notice recently that China will lower import tariffs on some goods from 1 January, 2020 in order to promoted high-quality trade development.
According to the notice, aiming at increasing imports, stimulating import potential and optimizing import structure, China will implement temporary import tariffs that are lower than the most-favored-nation tariffs on more than 850 products from 1 January, 2020.
China will also further lower most-favored-nation import tariffs on 176 information technology products from 1 July, 2020 and adjust temporary import tariffs on some information technology products accordingly.
According to the notice, aiming at increasing imports, stimulating import potential and optimizing import structure, China will implement temporary import tariffs that are lower than the most-favored-nation tariffs on more than 850 products from 1 January, 2020.
China will also further lower most-favored-nation import tariffs on 176 information technology products from 1 July, 2020 and adjust temporary import tariffs on some information technology products accordingly.
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