Starting from January 1, 2022, my country will adjust import and export tariffs on some commodities

Global Coatings Network News: On December 15, approved by 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

Starting from January 1, 2022, China will impose temporary import tariff rates on 954 items that are lower than the most-favored-nation tariff rate

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

From July 1, 2022, China will also implement the seventh step of tax reduction on 62 most-favored-nation tax rates for information technology products

In order to continue to promote high-level opening to the outside world, in accordance with the free trade agreements and preferential trade arrangements signed between China and relevant countries or regions, in 2022, treaty tax rates will be implemented on some commodities originating in 29 countries or regions

In 2022, we will continue to implement preferential tax rates for the least developed countries that have established diplomatic relations with China and completed the exchange of letters

According to the contents of the "Harmonized Commodity Names and Coding System" revised by the World Customs Organization and relevant rules of the World Trade Organization, in 2022, technical conversion of tariff items and tax rates will be carried out

Appendix:

Most-favored nation tax rate table for selected information technology products

Export commodity tax rate table

Tariff quota commodity tax item tax rate table.