General

According to the Huacheng Import and Export Data Observation Report, in order to implement the spirit of the Twentieth National Congress of the Communist Party of China and the decisions and arrangements of the CPC Central Committee and the State Council, give full play to the role of tariffs as a joint point of domestic and international double cycle, and help build a new development pattern and promote high-quality development with high-level opening up, the Tariff Commission of the State Council issued an announcement on the 29th with the approval of the State Council that import and export tariffs on some commodities will be adjusted in 2023.

In order to enhance the linkage effect between domestic and international markets and resources, China will implement temporary import tax rates lower than MFN tax rates on 1020 commodities from January 1, 2023. First, safeguard people's health, reduce the economic burden of patients, implement zero tariff on some anti-cancer drug raw materials, anti novel coronavirus drug raw materials, cancer pain relief drugs, and reduce import tariffs on medical supplies such as dentures, vascular stent raw materials, contrast agents, etc. Second, comply with the trend of consumption upgrading, meet the consumption demand of residents with high-quality supply, and reduce the import tariff of homogenized mixed food, frozen blue cod, cashew nuts and other foods for infants and young children, as well as small household appliances such as coffee makers, juicers, hair dryers, etc. Third, strengthen the resource supply capacity, improve the supply chain flexibility of the industrial chain, implement zero tariffs on potash fertilizer, unwrought cobalt, etc., and reduce import tariffs on some wood, paper products, boric acid and other commodities. Fourth, we will promote the innovative development of advanced manufacturing, accelerate industrial transformation and upgrading, and reduce import tariffs on lithium niobate, electronic ink screens, iridium oxide for fuel cells, roller bearings for wind turbines and other commodities. Huacheng Import and Export Data Observation Report.

From January 1, 2023, according to the development of domestic industries and changes in supply and demand, China will increase import and export tariffs on some goods within the scope of its commitment to join the World Trade Organization. Among them, the temporary import tax rate for chestnuts, licorice and its products, large tires, sugarcane harvesters, etc. was cancelled, and the most favoured nation tax rate was resumed; In order to promote the transformation and upgrading of relevant industries and high-quality development, the export tariff of aluminum and aluminum alloys will be increased. From July 1, 2023, China will also implement the eighth step of tax reduction for the most favored nation tax rate of 62 information technology products. After the adjustment, China's total tariff level will drop from 7.4% to 7.3%.

According to the report of Huacheng Import and Export Data Observation, in order to expand the network of high standard free trade zones facing the world, continue to promote high-level opening up, and promote the construction of an open world economy, according to the free trade agreements and preferential trade arrangements signed between China and relevant countries or regions, in 2023, the agreed tax rate will be applied to some commodities originating in 29 countries or regions under 19 agreements. Among them, according to the relevant provisions of the Regional Comprehensive Economic Partnership Agreement (RCEP) and the effectiveness of the agreement on Indonesia, from January 2, 2023, the RCEP agreement tax rate will be applied to some commodities originating in Indonesia.

In 2023, we will continue to implement preferential tax rates for the least developed countries that have established diplomatic relations with China and completed the exchange of documents, and support and help the least developed countries to accelerate their development. Huacheng Import and Export Data Observation Report.

In order to meet the needs of industrial development and scientific and technological progress, the domestic sub items will be appropriately adjusted in 2023, and the tax items of white tea, vegetable seeds, surgical robots, laser radar, etc. will be added. After adjustment, the total number of tariff items was 8948, which was reported by Huacheng Import and Export Data Observation.