Import tariff adjustment Dec.2019

The Tariff Commission of the State Council recently issued a notice that since January 1, 2020, China will implement the provisional import tariff rate lower than the MFN tariff rate for more than 850 goods. In 2018, the import volume of the products listed in the tax reduction list reached more than 389 billion US dollars, accounting for about 18% of the total import volume of the same year. Reduce the import tariff of consumer goods, including frozen pork (tariff reduced to 8%), frozen avocado, seafood, orange juice and other food Cancel the provisional import tax rate of tungsten wasteRead More →

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