China to adjust tariffs on some goods starting January 1, 2025
01-09
The Customs Tariff Commission of the State Council of China announced on the 28th that starting from January 1, 2025, import tariff rates and tax items for some commodities will be adjusted.
The Customs Tariff Commission of the State Council recently issued the "2025 Tariff Adjustment Plan" (hereinafter referred to as the "Plan"), which aims to orderly expand autonomous and unilateral opening-up, and adjust import tariff rates and tax items for some commodities. The "Plan" will be implemented from January 1, 2025, which will be conducive to increasing imports of quality products, expanding domestic demand, promoting high-level opening-up, and solidly advancing high-quality development.
In 2025, China will implement provisional import tax rates lower than the most-favored-nation tax rates for 935 commodities. First, to support the development of new productive forces led by technological innovation, import tariffs will be lowered for cyclic olefin polymers, ethylene-vinyl alcohol copolymers, automatic transmissions for special-purpose vehicles like fire trucks and emergency repair vehicles, etc. Second, to safeguard and improve people's livelihoods in development, import tariffs will be lowered for sodium zirconium cyclosilicate, viral vectors for CAR-T tumor therapy, nickel-titanium alloy wires for surgical implants, etc. Third, to promote green and low-carbon development, import tariffs will be lowered for ethane and some recycled copper and aluminum raw materials. In addition, in accordance with changes in domestic industrial development and supply and demand, and within the scope of China's commitments upon joining the World Trade Organization, import tariffs on some commodities such as syrup and sugar-containing premixes, vinyl chloride, and battery separators will be increased.
In 2025, China will implement agreed tax rates for some imported goods originating from 34 countries or regions under 24 free trade agreements and preferential trade arrangements. Among them, the China-Maldives Free Trade Agreement will take effect and implement tariff reductions from January 1, 2025. After the final tariff reduction is completed, nearly 96% of the tax items between the two parties will achieve zero tariffs.
In 2025, China will continue to grant 100% zero-tariff treatment for all tax items to 43 least developed countries that have established diplomatic relations with China. At the same time, China will continue to implement preferential tax rates for some imported goods originating from Bangladesh, Laos, Cambodia, and Myanmar, in accordance with the Asia-Pacific Trade Agreement and intergovernmental exchange of notes agreements between China and relevant ASEAN member states.
In 2025, China will add domestic sub-items such as pure electric passenger vehicles, canned Pleurotus eryngii, spodumene, and ethane, and optimize the descriptions of tax item names such as coconut juice and prepared feed additives. After adjustment, the total number of tax items will be 8960. At the same time, to promote the scientific and standardized nature of the tariff system, new domestic sub-item notes for dried purple seaweed, carburizing agents, and injection molding machines will be added in 2025, and the descriptions of domestic sub-item notes for liquor, wood activated carbon, and thermal printheads will be optimized. (Transferred from China News Service)
