China to adjust import and export tariffs in 2024
2023-12-22 11:36:10 [Print]
China will adjust import and export tariffs rate on some commodities from January 1, 2024, the Customs Tariff Commission of the State Council said in a statement on Thursday.
In 2024, China will implement provisional import tariffs that are lower than the most-favored-nation (MFN) rates on 1,010 commodities. Import tariffs on key resources, equipment and components that are domestically scarce, such as lithium chloride, cobalt carbonate, low arsenic fluorite and gas diffusion layers used for fuel cell, will be lowered to facilitate the development of the country's advanced manufacturing industries.
In addition, China will continue to impose export tariffs on 107 commodities including ferrochrome, with 68 commodities subject to provisional tariffs.
In 2024, China will implement provisional import tariffs that are lower than the most-favored-nation (MFN) rates on 1,010 commodities. Import tariffs on key resources, equipment and components that are domestically scarce, such as lithium chloride, cobalt carbonate, low arsenic fluorite and gas diffusion layers used for fuel cell, will be lowered to facilitate the development of the country's advanced manufacturing industries.
In addition, China will continue to impose export tariffs on 107 commodities including ferrochrome, with 68 commodities subject to provisional tariffs.
