X Email Mobile
In recent years, Gaoping District, Nanchong City, Sichuan Province, has leveraged the China-Europe Train to establish duty-free shops "right at people's doorsteps," bringing over a thousand types of goods from more than 20 countries to local residents. The photo shows citizens shopping for imported goods at the Russian Goods Pavilion in the Northeast Sichuan Financial Center in Gaoping District.
Recently, the Tariff Commission of the State Council released the "Tariff Adjustment Plan for 2025" (hereinafter referred to as the "Plan"), which will be implemented from January 1, 2025. Experts stated that this adjustment reduces import tariffs for some raw materials, pharmaceuticals, equipment, parts, and components, and makes adjustments to agreement tariffs and tariff items, which is conducive to increasing imports of high-quality products, expanding domestic demand, advancing high-level opening up to the outside world, and solidly promoting high-quality development.
935 Items Subject to Temporary Import Tariffs Lower Than MFN Rates
In 2025, China will apply temporary import tariffs lower than the Most-Favored-Nation (MFN) rates to 935 items.
Firstly, to support technological innovation in leading the development of new productive forces, import tariffs will be reduced for cyclic olefin copolymers, ethylene-vinyl alcohol copolymers, and automatic transmissions for special-purpose vehicles such as fire trucks and emergency repair vehicles. Secondly, to safeguard and improve people's livelihoods amidst development, import tariffs will be lowered for sodium zirconium cyclosilicate, virus vectors for CAR-T cancer therapy, and nickel-titanium alloy wires for surgical implants. Thirdly, to promote green and low-carbon development, import tariffs will be reduced for ethane and some raw materials for recycled copper and aluminum.
For example, the MFN tariff rates for burdock seeds, sweet corn seeds, special medical formula foods for infants and young children based on milk, and oilcake and other solid residues of coconut or dried coconut meat will range from 5% to 15% in 2025, but after adjustment, the temporary tariff rates for these items in 2025 will be reduced to zero.
In addition, based on changes in domestic industrial development and supply and demand conditions, and within the scope of China's commitments upon joining the World Trade Organization, the "Plan" increases import tariffs for some goods such as syrup and sugar-containing premixes, vinyl chloride, and battery separators.
TOP