Import Tariff will be Reduced Significantly in 2014
2014-January-22 Source: Newsgd.com
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The Ministry of Finance of PRC published the 2014 Tariff Implementation Plan on 19th Dec, 2013, which reduces the import tariff of 767 types of goods to the rates lower than the Most-Favored-Nation tariff. Furthermore, according to the Free Trade Agreements or Favored Tariff Agreements signed between China and other countries or areas, the import tariff of part of goods originated from ASEAN, Chile, Pakistan, New Zealand, Peru, Korea, India, Bengal and other countries will be a conventional tariff, while part of tariff will be reduced further. Besides, as the closer commercial relationship with Hong Kong and Macau, the goods imported and originated from Hong Kong and Macau will take ‘zero-tariff’. Meanwhile, the goods imported and originated from Taiwan will also take ‘zero-tariff’, in accord with the Economic Cooperation Framework Agreement. For goods originated from 40 least developed countries such as Laos, Sudan and Yemen, the preferential tariff will be implemented and the range of it will be expanded to Sierra Leone, Senegal and other three countries.

(This information is provided by Lawyer Kelly Xie from Guangdong KaiTong Law Firm in friendship. It is not any legal opinion or legal grounds addressed to any organization or individual. For inquiry, please contact Kelly via email at Kelly_xie@ktlf.com.cn or by phone on 13926185641.)

Editor: 欧阳妍
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