echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > China Chemical > my country will adjust import and export tariffs on some commodities in 2022

    my country will adjust import and export tariffs on some commodities in 2022

    • Last Update: 2023-03-19
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On December 15, with the approval of the State Council, the Customs Tariff Commission of the State Council issued a notice that the import and export tariffs of some commodities will be adjusted in 2022
    .

    From January 1, 2022, China will implement a provisional import tax rate lower than the most-favored-nation tax rate for 954 items
    .
    First, in order to reduce the economic burden of patients and continuously improve people's health and well-being, zero tariffs have been imposed on the new anticancer drug radium chloride injection, and import tariffs on some medical products such as intracranial thrombectomy stents and artificial joints have been reduced
    .
    Second, in order to meet the needs of the people for a better life, conform to the trend of consumption upgrading, create a strong atmosphere for the Beijing Winter Olympics, and reduce import tariffs on some consumer goods, including salmon, cod and other high-quality aquatic products, baby clothes, dishwashers, ski equipment,
    etc.
    The third is to meet the needs of cultural consumption, and implement zero tariffs on works of art such as oil paintings that are more than 100 years old
    .
    Fourth, in order to improve environmental quality and promote green and low-carbon development, import tariffs will be reduced on gasoline engine particle traps that can improve vehicle fuel efficiency and reduce exhaust emissions, electronic throttles for automobiles, and peat that can be used for soil remediation
    .
    The fifth is to help optimize and upgrade the manufacturing industry, reduce import tariffs on key components such as high-purity graphite parts, high-voltage cables used in high-speed motor vehicles, membrane electrode assemblies for fuel cells, and bipolar plates, and reduce food such as cocoa beans, plant essential oils, and animal fur.
    Import duties on raw materials required for processing, daily chemicals, and leather manufacturing industries
    .
    The sixth is to reduce import tariffs on resource products such as pyrite and pure potassium chloride that are in short supply in China
    .

    From January 1, 2022, according to domestic industrial development and changes in supply and demand, within the scope of China's accession to the World Trade Organization, the import and export tariffs of some commodities will be increased
    .
    Among them, the temporary import tax rate for some amino acids, lead-acid battery parts, gelatin, pork, m-cresol, etc.
    was cancelled, and the implementation of the most-favored-nation tax rate was resumed; in order to promote the transformation, upgrading and high-quality development of related industries, the export tariffs on phosphorus and blister copper were raised
    .

    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 order to continue to promote high-level opening to the outside world, according to the free trade agreements and preferential trade arrangements signed by China and relevant countries or regions, in 2022, some commodities originating in 29 countries or regions will be subject to agreed tax rates
    .
    Among them, China and New Zealand, Peru, Costa Rica, Switzerland, Iceland, South Korea, Australia, Pakistan, Georgia, Mauritius and other bilateral free trade agreements and the Asia-Pacific trade agreement will further reduce taxes; the Regional Comprehensive Economic Partnership (RCEP), China - The Cambodia Free Trade Agreement will take effect on January 1, 2022 and implement tax reduction
    .

    In 2022, the preferential tax rate will continue to be implemented for the least developed countries that have established diplomatic relations with China and completed the exchange of letters
    .

    According to the content of the "Harmonized Commodity Description and Coding System" revised by the World Customs Organization and the relevant rules of the World Trade Organization, the technical conversion of tariff items and rates will be carried out in 2022
    .
    At the same time, some tariff items will be adjusted, and the total number of tariff items after adjustment will be 8,930
    .


    appendix:

    1.
    The most-favored-nation tax rate table for some information technology products

    2.
    Export commodity tax rate table

    3.
    Tariff Quota Commodity Tax Item and Tax Rate Table


    Attachment see link:

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Related Articles

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.