From January 1, 2008, China's import and export tariffs have been further adjusted

The press office of the Ministry of Finance reported that, with the approval of the State Council, starting from January 1, 2008, China's import and export tariffs have been further adjusted, mainly involving most favored country tax rates, annual tentative tax rates, treaty tax rates, and preferential tax rates.

In terms of most-favored-nation rates, continue to implement the tariff reduction promises of joining the World Trade Organization to further reduce import tariffs on 45 commodities such as fresh strawberries and terephthalic acid; continue to work on wheat, corn, rice and rice, sugar, wool, wool tops, 7 kinds of agricultural products such as cotton and 3 kinds of chemical fertilizers such as urea, compound fertilizer and diammonium hydrogen phosphate are subject to tariff quota management, and urea, compound fertilizer and diammonium phosphate continue to implement a 1% quota tax rate; Cotton implements a slip tax, and further refines the slip tax formula; it continues to apply specific taxes or compound taxes on 55 items such as frozen chicken and beer. After adjusting, the total tariff level in 2008 was 9.8%, of which the average tax rate for agricultural products was 15.2%, and the average tax rate for industrial products was 8.9%.

In order to effectively exert the role of tariffs in supporting agricultural production, promoting the transformation of economic development modes, optimizing economic structure, and promoting trade balance, a tentative tariff rate for imports of more than 600 commodities, mainly including coal, stone, fuel oil and other resources and energy Products; polysilicon, diesel engines and other important raw materials and key equipment and parts; X-ray film, artificial plasma raw materials, household appliances and other public health-related products and some household life supplies. Continue to implement the selection tax on imported natural rubber. At the same time, it further restricts the export of high-energy and high-polluting products and continues to impose export tariffs on products such as coal, crude oil, and metal ores at a tentative tax rate, and has high energy consumption for production of wood pulp, coke, ferro-alloys, steel billets, and some steel products. , imposes or increases export tariffs on products that have a large impact on the environment. In addition, we continue to impose seasonal tariffs on the export of fertilizers such as urea and diammonium phosphate.

In order to expand bilateral and multilateral economic and trade cooperation and promote regional economic development, China is based on the China-ASEAN Free Trade Area Agreement, the China-Chile Free Trade Area Agreement, the China-Pakistan Free Trade Area Agreement, and the Asia-Pacific Trade Agreement. Countries, Chile, Pakistan, South Korea, India, Sri Lanka, Bangladesh, and other countries import less than the most favored nation tariff rate. Under the framework of the Closer Economic and Trade Relations Arrangement between the Mainland and Hong Kong and Macao, zero tariffs will continue to be imposed on products originating in Hong Kong and Macau and the approval of origin standards. We continue to apply preferential tax rates to certain commodities from a total of 39 LDCs originating in 4 countries in Southeast Asia such as Laos, 30 African countries including Benin, and 5 countries such as Yemen.

In order to further implement industrial and taxation policies, adapt to scientific and technological progress and strengthen the needs of import and export management, under the premise of the World Customs Organization's "coordination system for commodity names and codes", some tariff items in the import and export tariffs have been adjusted. In 2008, the total number of import and export tariff lines in China increased from 7,646 in 2007 to 7,758.