On January 1, the cotton slip duty and the tentative rate of fur import will be lowered.

Key points:
State Council Tariff and Tax Commission: Since January 1, 2019, the tariff rates of agreements between China and New Zealand, Peru, Costa Rica, Switzerland, Iceland, Korea, Australia, Georgia and the countries of the Asia-Pacific Trade Agreement have been further reduced.


Continue to implement tariff quota management for 8 categories of commodities, such as wheat, with the tariff rate unchanged. Among them, the tariff quota rates for urea, compound fertilizer and ammonium hydrogen phosphate fertilizers will continue to implement the 1% temporary import tax rate.


Continue to impose a sliding duty on a certain amount of cotton with additional imports and make appropriate adjustments.


Import goods originating in Hong Kong and Macao will be subject to zero tariffs.


From July 1, 2019, China will also implement the fourth step of lowering the MFN tax rate of 298 information technology products, and adjust the provisional tax rate of some information technology products accordingly.
In order to implement Chairman Xi Jinping's directive on further opening-up in his keynote speech at the opening ceremony of the First China International Import Expo, the Tariff and Tax Commission of the State Council considered and approved it, and submitted it to the State Council for approval, with effect from January 1, 2019, adjusted the import and export tariffs of some commodities.
In order to actively expand imports, reduce the institutional costs of import links and promote structural reform on the supply side, China will implement temporary import tariffs on more than 700 commodities, including adding zero tariffs on miscellaneous meals and some raw materials for pharmaceutical production, appropriately reducing the temporary import tariffs on cotton and some furs, abolishing the temporary import tariffs on four solid wastes, such as manganese residue, and eliminating chlorination. The provisional import tax rate of sulfoxide and new energy vehicle lithium-ion battery monomers shall be restored to the MFN tax rate. We will continue to implement lower temporary tariffs on imports of advanced equipment, such as aeroengines, welding robots in automobile production lines, natural forage, natural uranium and other resource products, which are urgently needed for domestic development.
In order to meet the needs of the reform of the export management system and promote the structural adjustment, quality improvement and efficiency improvement of the energy and resources industry, since January 1, 2019, 94 commodities such as chemical fertilizer, apatite, iron ore, slag, coal tar and wood pulp will no longer be subject to export tariffs.
In order to support &ldquo, along the way &rdquo and free trade area construction, accelerate the economic and trade cooperation between our country and the related countries, and create external conditions conducive to the long-term healthy and stable development of the economy. In 2019, China set a fixed rate of tax on some commodities originating in 23 countries or regions, and China and New Zealand, Peru, Costa Rica, Switzerland, and other countries that further reduced taxes. Iceland, Australia, South Korea, Georgia and Asia-Pacific trade agreements. According to the goods trade agreements signed between the Mainland, Hong Kong and Macao, zero tariffs will be fully implemented on imported goods originating in Hong Kong and Macao. With the lowering of MFN tax rate, the preferential tax rates of Bangladesh and Laos under the Asia-Pacific Trade Agreement will be adjusted accordingly.
From July 1, 2019, China will also implement the fourth step of lowering the MFN tax rate on 298 information technology products, and adjust the provisional tax rate of some information technology products accordingly.
These adjustments are conducive to giving full play to the important function of overall utilization of domestic and international markets and resources, balanced development of domestic related industries, open cooperation, sharing development results and stable growth of China's foreign trade.
 
Adjustment of Temporary Import and Export Tax Rate in 2019
I. Adjustment of Import Tariff Rates
(1) MFN tax rate.
1. Since January 1, 2019, 706 items of goods will be subject to temporary import tax rates; from July 1, 2019, 14 items of information technology products will be abolished, while the scope of application of one item of temporary import tax rates will be reduced (see appendix 1).
2. The fourth tax reduction on information technology products listed in the Schedule of the Amendment to the Tariff Reduction Schedule of the People's Republic of China's Accession to the World Trade Organization has been implemented since July 1, 2019 (see Appendix 2).
(2) Tariff quota tax rate.
We will continue to implement tariff quota management for 8 categories of commodities, such as wheat, with the tariff rate unchanged. Among them, the tariff quota rates for urea, compound fertilizer and ammonium hydrogen phosphate fertilizers will continue to implement the 1% temporary import tax rate. We will continue to impose a sliding duty on certain quantities of cotton matched with additional imports and make appropriate adjustments (see annex 3).
(3) Agreed tax rates.
1. According to the trade or tariff preferential agreements signed between China and the countries or regions concerned, the tariff rates of the agreements between China and New Zealand, Peru, Costa Rica, Switzerland, Iceland, Korea, Australia, Georgia and the countries of the Asia-Pacific Trade Agreement have been further reduced since January 1, 2019, except for the continued implementation of the agreed tariff reduction scheme previously approved by the State Council. According to the Agreement on Trade in Goods (hereinafter referred to as the Agreement) of the Arrangements for Establishing Closer Economic and Trade Relations between the Mainland, Hong Kong and Macao, from the date of implementation of the Agreement, zero tariffs will be applied to all products originating in Hong Kong and Macao, except those products that the Mainland has made special commitments in relevant international agreements (see appendix 5).
TwoWhen the MFN tax rate is lower or equal to the agreed tax rate, it shall be implemented in accordance with the provisions of the relevant agreements.
(4) Preferential tax rate.
In accordance with the provisions of the Asia-Pacific Trade Agreement, the preferential tax rate under the Asia-Pacific Trade Agreement has been further reduced (see annex 5).
II. Export Tariff Rate
Since January 1, 2019, export tariffs on 108 export commodities, such as ferrochrome, have been levied or temporary export tariffs have been applied. The tariff rates have remained unchanged and 94 temporary export tariffs have been abolished (see appendix 4).
Unless otherwise stipulated, the above scheme will be implemented as of January 1, 2019.