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    Home > Coatings News > Paints and Coatings Market > In order to support the construction of a new development pattern, China will adjust import tariffs on some commodities from January 1, 2021

    In order to support the construction of a new development pattern, China will adjust import tariffs on some commodities from January 1, 2021

    • Last Update: 2020-12-31
    • Source: Internet
    • Author: User
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    In order to carry out the spirit of the Fifth Plenary Session of the 19th Central Committee of the Communist Party of China, adhere to the new development concept, and support the construction of a new development pattern with the domestic and international cycle as the main body, domestic and international double cycle to promote each other, with the approval of the State Council, the State Council Customs and Tariff Committee recently issued a notice that in 2021 will adjust the MFN rate, the agreement rate and the provisional tax rate of some imported goods.
    In order to make overall use of both domestic and international market resources, continuously improve the quality and level of supply, and promote a virtuous circle of the national economy, from January 1, 2021, China will implement a provisional import tax rate lower than the MFN tax rate for 883 commodities.
    Among them, in order to reduce the financial burden of patients and improve the quality of life of the people, the second batch of anti-cancer drugs and rare disease drugs raw materials, special children need food, such as the implementation of zero tariffs, reduce artificial heart valves, hearing aids and other medical equipment, as well as whey protein powder, lactoficin and other infant milk powder raw materials import duties.
    in order to meet domestic production needs, reduce import tariffs on fuel cell cycle pumps, aluminum silica substrates, arsenic and other new infrastructure or high-tech industries required for some equipment, spare parts and raw materials.
    to promote international technical cooperation in the field of aviation, aircraft engine fuel pumps and other aviation equipment to implement a lower provisional import tax rate.
    to improve air quality, support the production of environmentally friendly products, reduce diesel engine exhaust filtration and purification devices, exhaust gas recycling valves and other goods import duties.
    in order to encourage the import of resource products in demand at home, reduce the provisional import tax rate for wood and paper products, non-alloy nickel, unforged palladium and other commodities, and reduce the cotton sliding tax moderately.
    , the provisional import tax rate to be implemented in 2020 will be adjusted according to changes in domestic industrial development and supply and demand.
    in order to implement the Law on the Prevention and Control of Solid Waste Pollution of the Environment, the provisional duty rate on imports of solid waste such as metal scraps will be abolished and the MFN tax rate will be restored with effect from January 1, 2021.
    In order to promote the joint construction of the "Belt and Road" high-quality development, to achieve high-quality introduction and high-level going out, according to China and the relevant countries or regions signed and entered into force free trade agreements or preferential trade arrangements, in 2021 China will be the origin of the relevant countries or regions of some imports of goods to implement the agreement tax rate.
    , the China-Mauritius Free Trade Agreement entered into force on 1 January 2021 and implemented tax reductions.
    further tax reductions are the China-New Zealand, Peru, Costa Rica, Switzerland, Iceland, Pakistan, Chile, Australia, South Korea, Georgia Free Trade Agreement and the Asia-Pacific Trade Agreement.
    of imports from Mongolia will be subject to the Asia-Pacific Trade Agreement tax rate as of January 1, 2021.
    will continue to apply preferential tax rates to the 43 least developed countries that have established diplomatic relations with me and completed the exchange of documents by 2021, and the scope and tax rates applicable to preferential rates will remain unchanged.
    July 1, 2021, China will also implement the sixth step of tax reduction on the MFN tax rate for 176 information technology products.
    in order to meet the needs of industrial development and scientific and technological progress, facilitate trade management and statistics, while regulating the implementation of the Commodity Name and Coding Coordination System, in 2021 also adjusted part of the tax item.
    total number of adjusted tax items is 8580.
    The above adjustment measures are conducive to better attracting global resource elements, not only to meet domestic demand, but also to enhance China's industrial technology development level, promote the formation of a large and smooth domestic economic cycle;
    the State Council's Tariff Rules Committee on the 2021 tariff adjustment program notice "2021 tariff adjustment program" please go to the - library - policy and regulations to consult.
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