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China No Longer Imposes Export Tariffs On 94 Items
- Jan 09, 2019 -

Since January 1, 2019, no export tariffs have been imposed on 94 commodities such as fertilizer, apatite, iron ore, slag, coal tar, and wood pulp.

In order to support the construction of the “Belt and Road” and free trade zones, accelerate the economic and trade cooperation between China and relevant countries, and create external conditions conducive to the long-term healthy and stable development of the economy. In 2019, China will produce some goods originating in 23 countries or regions. The implementation of the agreed tax rate, including China and New Zealand, Peru, Costa Rica, Switzerland, Iceland, Australia, South Korea, Georgia FTA and the Asia-Pacific Trade Agreement. According to the goods trade agreement signed between the Mainland and Hong Kong and Macao, zero-tariff will be fully implemented for imported goods originating in Hong Kong and Macao. As the MFN tariff rate decreases, the preferential tax rates for Bangladesh and Laos under the Asia-Pacific Trade Agreement have adjusted accordingly.

Starting from July 1, 2019, China will also implement the fourth step of tax reduction on the MFN tariff rate of 298 information technology products, and adjust the provisional tax rate of some information technology products accordingly.

The above adjustments are conducive to giving full play to the important functions of tariffs to make full use of domestic and international markets and resources. It is conducive to the overall coordination of the balanced development of relevant domestic industries and is conducive to promoting open cooperation, sharing development results, and promoting the steady growth of China's foreign trade.


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