After the Customs Tariff Commission of the State Council reviewed and submitted the approval of the State Council, following the reduction of the import tariffs on some consumer products as of December 1, 2017, China will make some adjustments to other import and export tariffs as of January 1, 2018.
In 2018, the import tariff adjustment will continue to support innovation-driven development and supply-side structural reforms to encourage the import of much-needed advanced equipment, key components and raw materials for energy supply in the country and to reduce the flat-panel detector of the digital X-ray photography system by introducing a provisional tax rate. Dobby or jacquard machines, power battery cathode materials, advanced pharmaceutical raw materials, coco bran and other commodities import tariffs; and appropriate to expand the scope of the provisional import tax rate of motor vehicles.
In order to give better play to the macro-control role of tariffs, according to the changes of supply and demand both at home and abroad, the provisional import tax rate of nickel ingot will be appropriately raised. In accordance with the State Council's comprehensive prohibition on import of solid wastes that are harmful to the environment and strongly reflected by the masses, Catalog adjustment time convergence, abolish the magnesia bricks, scrap steel slag, waste slag and other commodities import provisional tax rate, the restoration of the implementation of most-favored-nation tax rate .Consider industrial development and export changes, will abolish the export duty on steel, chlorite and other products , Appropriate to reduce export tax on products such as ternary compound fertilizer, apatite, coal tar, wood chips, ferrochromium and billet.
In order to promote the construction of the "Belt and Road" and the free trade zone, China will implement the agreed tax rates on some imported products originating in 26 countries and regions. Among them, the new China-Georgia FTA implemented in 2018 and the further tax cuts Free trade agreements between China and ASEAN, Pakistan, South Korea, Iceland, Switzerland, Costa Rica, Peru, Australia and New Zealand; the continued free trade agreement between China and Singapore and Chile and the third round of tariff concession arrangements for the Asia-Pacific Trade Agreement; Closer Economic Partnership Arrangement with Hong Kong and Maucao (CEPA) will appropriately expand the range of goods subject to zero tariffs and continue to implement the Framework Economic Cooperation Framework Agreement (ECFA) across the Taiwan Strait.
July 1, 2018 China will also start the third tariff reduction of information technology products, etc. My country implemented the second tariff reduction on MFN rates of some information technology products on July 1 this year, and this measure will be implemented at In the first half of next year, it will continue its implementation and start the third tax cut on July 1 next year, with a corresponding adjustment to the provisional import tax rate for some information technology products. In 2018, China will also continue to implement the tariff reduction commitments of APEC environmental products And continue to give zero-tariff treatment on the least developed countries.