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Industry News | Time: Dec 25 2018 1:57PM
Import tariff of man-made fibers and feedstocks in 2019
 
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China's Customs Tariff Commission of the State Council announced on Monday adjustments to some import and export tariffs for 2019.In accordance with the relevant provisions of the Regulation of the People's Republic of China on Import and Export Duties, the import and export duties on certain commodities shall be adjusted from January 1, 2019.

To expand imports, more than 700 items of products will be subjected to temporary import tariff rates starting Jan. 1. China will also apply conventional tariffs on products from 23 countries and regions, including further reduction in tariffs under free trade pacts between China and relevant countries, the ministry said. This will result in lower tariffs with trade partners including New Zealand, Peru, Costa Rica, among others.

The move aims to support the Belt and Road Initiative and the development of free trade areas, speed up China's economic and trade cooperation with relevant countries, and create a favorable external condition for the healthy and stable development of the economy in the long term, the ministry said.

Imported goods from China's Hong Kong and Macao into the Chinese mainland will enjoy zero tariffs under relevant pacts on goods trade.

2019 Import Tariff of China
[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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