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Approved by the State Council, the Customs Tariff Commission of the State Council issued a notice a few days ago that the import and export tariffs of certain commodities will be adjusted in 2022
.
NxF China Feed Industry Information Network-Based on feed, serving animal husbandry
Starting from January 1, 2022, in accordance with domestic industrial development and changes in supply and demand, within the scope of China's commitment to join the World Trade Organization, import and export tariffs on certain commodities will be increased
.
Among them, the temporary import tariff rate for some amino acids, lead-acid battery parts, gelatin, pork, m-cresol, etc.
According to customs data, China’s pork imports in October fell by 40% year-on-year to 200,000 tons, but imports so far this year have only fallen by 8% year-on-year to 3.
34 million tons
.
NxF China Feed Industry Information Network-Based on feed, serving animal husbandry
Zhu Zengyong, a researcher at the Chinese Academy of Agricultural Sciences, believes that the restoration of domestic supply will lead to a gradual reduction in pork import demand, but the cost competitiveness gap supports a relatively high level of imports
.
He said: "Timely adjustment of interest rates and rational use of the international market will help ensure supply in the domestic market and stabilize prices
Higher interest rates will further slow down imports from major exporting countries such as the United States and Spain.
It is reported that imports from these countries have fallen sharply in recent months
.
NxF China Feed Industry Information Network-Based on feed, serving animal husbandry
The Washington National Pork Producers Council’s Assistant Vice-Chairman for International Affairs, Qiba, said: “Considering the continuing problem of African swine fever and China’s high demand for pork, the increase in the most-favoured-nation tariff on pork is particularly worrying
.
” United States Meat Exporters Haggard, senior vice president of the Asia-Pacific region, said: "Any tax increase will increase the challenges faced by exporters
Approved by the State Council, the Customs Tariff Commission of the State Council issued a notice a few days ago that the import and export tariffs of certain commodities will be adjusted in 2022
.
NxF China Feed Industry Information Network-Based on feed, serving animal husbandry
Starting from January 1, 2022, in accordance with domestic industrial development and changes in supply and demand, within the scope of China's commitment to join the World Trade Organization, import and export tariffs on certain commodities will be increased
.
Among them, the temporary import tariff rate for some amino acids, lead-acid battery parts, gelatin, pork, m-cresol, etc.
According to customs data, China’s pork imports in October fell by 40% year-on-year to 200,000 tons, but imports so far this year have only fallen by 8% year-on-year to 3.
34 million tons
.
NxF China Feed Industry Information Network-Based on feed, serving animal husbandry
Zhu Zengyong, a researcher at the Chinese Academy of Agricultural Sciences, believes that the restoration of domestic supply will lead to a gradual reduction in pork import demand, but the cost competitiveness gap supports a relatively high level of imports
.
He said: "Timely adjustment of interest rates and rational use of the international market will help ensure supply in the domestic market and stabilize prices
Higher interest rates will further slow down imports from major exporting countries such as the United States and Spain.
It is reported that imports from these countries have fallen sharply in recent months
.
NxF China Feed Industry Information Network-Based on feed, serving animal husbandry
The Washington National Pork Producers Council’s Assistant Vice-Chairman for International Affairs, Qiba, said: “Considering the continuing problem of African swine fever and China’s high demand for pork, the increase in the most-favoured-nation tariff on pork is particularly worrying
.
” United States Meat Exporters Haggard, senior vice president of the Asia-Pacific region, said: "Any tax increase will increase the challenges faced by exporters
.
"NxF China Feed Industry Information Network-Based on feed, serving animal husbandry