China Will Appropriately Reduce Import Tariffs On Wool, Wool And Cotton In 2013.

< p > from January 1, 2009 onwards, China will further adjust the "a href=" http://sjfzxm.com/news/index_q.asp "import and export tariff < /a > tariff, and will implement a series of more preferential tariff measures to expand cooperation with other countries and regions in foreign trade and economic cooperation.

It mainly involves the most favoured nation tax rate, the annual provisional tax rate, the agreement tax rate, the preferential tariff rate and the tariff items.

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< p > the head of the Ministry of Finance said yesterday that after the tax reduction, China has basically fulfilled its tax reduction commitments to join WTO in addition to 5 kinds of commodities such as fresh strawberries and 1 years of tax reduction. The total tariff level has dropped to 9.8% from 15.3% when it joined WTO.

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< p > 2013 < strong > reduce the import tariff of the 5 commodities < /strong > /p >

This year, China will continue to fulfill its tariff concession commitments to join the world trade organization, further reduce the import tariffs of 5 kinds of fresh strawberries, and continue to implement tariff quota management for 3 kinds of fertilizers, namely, wheat, corn, rice and rice, sugar, < a href= "http://cailiao.sjfzxm.com/Matertial/show/ default.aspx" > wool, /a, wool and cotton, and 3 kinds of fertilizers such as urea, compound fertilizer and diammonium hydrogen phosphate. Among them, a certain amount of cotton imported from the quota tariff quota will continue to be applied to sliding tax, and the tax rate will remain unchanged. The 1% quota quota rate for urea, compound fertilizer and diammonium hydrogen phosphate will continue to be implemented. P

After adjustment, the average tax rate of agricultural products in China is 15.2%, and the average tax rate of industrial products is 8.9%.

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< p > next year, China will also implement a lower import provisional tax rate for more than 670 kinds of commodities, and continue to choose tax on imported natural rubber.

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< p > the relevant officials of the Ministry of Finance said that in order to maintain stable development of < a href= "http://sjfzxm.com/news/index_c.asp" > foreign trade < /a >, we should expand bilateral and multilateral economic and trade cooperation and promote regional economic development.

In 2009, based on a series of free trade agreements and preferential tariff agreements signed with the countries and regions, China will further implement the preferential tariff rates and preferential tax rates which are more favorable than most favored nation tax rates.

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< p > < strong > continue to cancel part of the export duty of steel < /strong > < /p >.

< p > in the implementation of proactive fiscal policy, lower import provisional rates will be applied to agricultural production materials, agricultural machinery and equipment and components next year.

The provisional tariff rate for the import of soybean cake, pork and azadirachtin oil will be abolished and the MFN tax rate will be restored.

At the same time, we continue to levy seasonal export duties on chemical fertilizer exports, and continue to levy special export duties on some fertilizers and other raw materials such as compound fertilizers.

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< p > lower import temporary tax rates for some key equipment and components which are temporarily unable to produce or meet the needs of the technical performance of the electronic, chemical and information technology products, as well as the key equipment and components that are conducive to the introduction and application of new technologies.

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< p > in order to alleviate the operational difficulties of < a target= "_blank" href= "//www.sjfzxm.com/" > textile > /a > steel, fertilizer and other industries, China will appropriately reduce import tariffs on some of the raw materials with large domestic demand in 2009, and continue to implement the policy of canceling part of the steel export tariffs and adjusting seasonal export duties such as urea from December 1, 2008, while reducing the special export duty rates of some fertilizers and their raw materials.

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< p > in addition, the state has adjusted some of the tax items in the import and export tariff. The total number of import and export tariff items of our 2009 Edition increased from 7758 in 2008 to 7868.

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