The State readjusts tariffs on imports and exports of some commodities. Import duties on these texti

In order to promote high-quality economic development and stable growth of import and export trade, in accordance with the relevant provisions of the Import and Export Tariff Regulations of the People's Republic of China, the Tariff and Tax Commission of the State Council recently promulgated the Adjustment Program of Temporary Import and Export Tax Rates for 2019 (hereinafter referred to as the "Program"), which has adjusted the import and export tariffs of some
In terms of MFN tariff rate, the provisional tariff rate for 706 items of goods will be implemented from January 1, 2019; from July 1, 2019, the provisional tariff rate for 14 items of information technology products will be abolished, while the scope of application of the provisional tariff rate for one item of imports will be narrowed. Textile materials, leather and other material treatment agents were tentatively reduced from 10% of the original MFN tax rate to 8%; blended with chemical fibers, unbleached light plain cotton cloth and other eight commodities were reduced from 8% to 6%; broken or beaten flax and other two commodities were reduced from 6% to 1%; fibers spun from two or more organic polymers (skin-core structure or side-by-side structure or island structure) were not exceeded in length. Seven commodities, such as over 5 mm, were reduced from 8% to 5%; 11 commodities, such as knitted or crocheted pullovers made of fine wool from Kashmir goats, were reduced from 6% to 5%; 2 commodities, such as rotary screen printing machines for textiles, were reduced from 10% to 6%; 2 commodities, such as air-jet looms with width over 30 cm, were reduced from 8% to 3%; 6 commodities, such as electronic yarn clearers, were reduced from 6% to 3%; electrostatic light-sensitive multi-function machines were adjusted to 3%; ink consumption for offset printing machines was reduced to 3%. The remote control device (including ink control device, ink adjusting device, ink bucket body and other components) is adjusted to 1%. From January to June 2019, the drum feeder with automatic feeding speed & ge; the tentative tax rate of 12 m/s is 4%.
In terms of tariff quota rates, we will continue to implement tariff quota management on wool, wool, cotton and other eight categories of goods, with the tariff rates unchanged. We will continue to impose a sliding duty on certain quantities of cotton with additional imports and make appropriate adjustments.
In terms of tax rates, according to the trade or tariff preferential agreements signed between China and relevant countries or regions, except for the continued implementation of the agreed tax rate reduction scheme previously approved by the State Council, 1148 kinds of commodities, such as fur clothing, fur clothing accessories and other untwisted silk, have been applied to China and New Zealand, Peru, Costa Rica, Switzerland, Iceland and and Korea since January 1, 2019. Australia, Georgia and the countries of the Asia-Pacific Trade Agreement (APTA) have further reduced their agreed tax rates. According to the Agreement on Trade in Goods between the Mainland, Hong Kong and Macao on the Arrangement for Establishing Closer Economic and Trade Relations, from the date of implementation, 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. When the MFN tax rate is lower than or equal to the agreed tax rate, it shall be implemented in accordance with the provisions of the relevant agreements.
Concerning the preferential tax rate, according to the provisions of the Asia-Pacific Trade Agreement, the preferential tax rate under the Asia-Pacific Trade Agreement has been further reduced.