Posted by PTL Group
PTL Group
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on Sunday, 30 September 2018
in Business in China

Imported Goods See a Reduction in Tariffs

The Customs Tariff Commission of the State Council issued an announcement regarding a reduction of tariffs on imported goods. The purpose of such a reduction is to meet the needs of the Chinese citizens, improving their quality of life, while promoting both structural reforms and openness of the Chinese market. Since 1st July 2018, the MFN tariff rates of 1,449 imported consumer goods have been lowered.

The State Council executive meeting held on 30th May 2018 stated that from 1st July this year the average import tariff rate will be lowered for a number of imported products, including:

—   Clothing, shoes, hats, kitchen, sports and fitness products where the tariff reduced from 15.9% to 7.1%; 

—   Household appliances such as washing machines and refrigerators that are imported saw a reduction on their tariff rates from 20.5% to 8%;

—   The average tariff rate for some imported foods such as seafood and mineral water was reduced from 15.2% to 6.9%;

—   The tariff of detergents, skin care, hair care, cosmetics and some health products saw a reduction of 8.4% to 2.9%.





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