In 2022, tariff adjustment PC 0 tariff, ethylene, propylene and other tariff rates will be reduced to 1%

The State Council has issued a tax adjustment plan for 2022! Reduced tariffs on various plasticized varieties! The "Notice" pointed out that from January 1, 2022, China will implement a provisional import tax rate lower than the most-favored-nation tax rate for 954 commodities
.

Among them, for liquefied propane, liquefied butane, ethylene, propylene, acrylonitrile, adiponitrile, etc.
, it can be seen that the tentative import tax rate in 2022 is significantly lower than the most-favored nation tax rate.
The tax rate for all major categories of products has been adjusted to 1%
.

In addition, PC, phenol ketone, caprolactam and other products are subject to zero tariffs
.

From July 1, 2022, China will also implement the seventh step of tax reduction on the most-favored-nation tax rate of 62 information technology products
.
After the adjustment, China's total tariff level remained at 7.
4%
.

In addition, according to the "Regional Comprehensive Economic Partnership" (RCEP), the agreement is implemented for some imported goods originating in Japan, New Zealand, Australia, Brunei, Cambodia, Laos, Singapore, Thailand, Vietnam and other 9 contracting parties that have entered into force.
The first-year tax rate; the implementation time of subsequent effective contracting parties shall be announced by the Customs Tariff Commission of the State Council
.

Based on the determination of the tariff adjustment plan, among China's major trading partners, South Korea and Japan have continued to reduce tariffs, from 3.
4% to 3% and 6.
5% to 6.
1% respectively
.