Import tariffs ushered in a new round of adjustments. On the afternoon of the 23rd, the Tariff Commission of the State Council issued a notice on the adjustment plan for the tentative import tax rates in 2021. In 2021, the most-favored-nation tax rates, agreement tax rates and tentative rates for some imported goods will be adjusted. tax rate. Starting from January 1, 2021, the import tariffs on some commodities will be adjusted; the prices of some anti-cancer drugs, medical equipment, and infant milk powder will be supported; some imported equipment and parts related to the development of new infrastructure and high-tech industries will be Have more adequate protection.
Notice of the Tariff Commission of the State Council on the 2021 Tariff Adjustment Plan
General Administration of Customs:
In order to support accelerating the construction of a new development pattern and promote high-quality economic development, according to the “People’s Republic of China In accordance with the relevant provisions of the Import and Export Tariff Regulations, the import tariffs on some commodities will be adjusted starting from January 1, 2021. The “2021 Tariff Adjustment Plan” is now printed and sent to your office. The specific content is shown in the attachment.
Attachment: 2021 Tariff Adjustment Plan
Tariff Commission of the State Council
December 21, 2020
This tariff adjustment is one of the most powerful in recent years. It not only involves tax rate adjustments, but also involves adjustments to tax items that have not been touched much in the past few years, so it is quite interesting. The total number of adjusted tax items reached 8,580, an increase of 31 items compared with 2020.
The 2021 tariff adjustment plan clearly states that some anti-cancer drugs and rare disease drug raw materials will be subject to zero tariffs; import tariffs on artificial heart valves, hearing aids and other medical equipment will be reduced; The import tariffs on some infant milk powder raw materials, such as albumin powder, have even been reduced by 50%.
Starting from January 1, 2021, my country will implement temporary import tax rates lower than the most-favored nation tax rate for 883 commodities. At the same time, the temporary import tax rate for solid waste such as metal scraps and scraps will be cancelled, and the most-favored-nation tax rate will be restored. Among them, the China-Mauritius Free Trade Agreement will take effect from January 1, 2021 and implement tax reductions. Further tax reductions include free trade agreements between China and New Zealand, Peru, Costa Rica, Switzerland, Iceland, Pakistan, Chile, Australia, South Korea, Georgia and the Asia-Pacific Trade Agreement. Starting from July 1, 2021, my country will also implement the sixth step of tax reduction on the most-favored nation tax rate of 176 information technology products.
Tu Xinquan, Dean of the China WTO Research Institute at the University of International Business and Economics It seems that this adjustment reflects a strong “benefiting people’s livelihood” orientation, which is conducive to reducing the economic burden of patients and consumers and improving the quality of life.
Tu Xinquan said: “Raw materials such as whey protein powder and lactoferrin are necessary for the production of high-end infant milk powder, so reducing the import tariffs on these raw materials can reduce the final The product is the terminal price of infant milk powder, and consumers can spend less money to buy these infant milk powder.”
In addition to the “gift package” that benefits people’s livelihood, there are also economic promotion packages Big benefit. The reporter noted that import tariffs on fuel cell circulation pumps, aluminum silicon carbide substrates, arsane and other products have been further reduced, from 5% to 8% to 2% to 4%. The somewhat obscure-sounding product names like fuel cell circulation pumps are actually important equipment, components and raw materials that support the development of new infrastructure and high-tech industries.
In this regard, Tu Xinquan interpreted: “From the current industrial structure, our country’s traditional advantage lies in the downstream manufacturing industry, especially the processing and manufacturing links. So reducing the cost of these intermediate products Import tariffs can improve the competitiveness of our downstream manufacturing industry in the international market, better expand exports, and of course better meet the needs of the domestic market.”
From the perspective of high-quality economic development, the new round of tariff adjustments has also reduced import tariffs on some energy-saving and environmentally friendly products. For example, as an important component for energy conservation and emission reduction of automobiles, the import tariff on exhaust gas recirculation valves has been reduced from 7% to 5%.
In addition, there are many “little surprises” in the reduction of import tariffs for some products from specific countries. For example, starting from January 1 next year, the Asia-Pacific Trade Agreement tax rates will be implemented for Mongolia. The tariff rate for coke that my country imports from Mongolia will also be reduced from the current 5% to the agreed rate of 2.5%, which will undoubtedly promote the diversification of my country’s energy imports.
The tariff adjustment in 2021 has many highlights and a relatively large pace. In an interview with reporters, Tu Xinquan gave an overall evaluation of “exceeding expectations, mutual benefit and win-win results”. He said: “These tariff adjustment measures are conducive to better attracting global resource factors, not only meeting domestic demand, but also improving the level of my country’s industrial and technological development, and promoting the formation of a grand and smooth domestic economic cycle; they are conducive to giving full play to my country’s ultra-large market advantages and serving the world. Countries provide broader market opportunities.
It is understood that although this tariff adjustment does not involve the much-watched Regional Comprehensive Economic Partnership (RCEP) framework, Tax arrangements are in place, but relevant preparations are being carried out in full swing, and policy dividends are in full swing.The temporary import tax rate implemented in 2020 will be appropriately adjusted. In order to implement the “Law on the Prevention and Control of Environmental Pollution by Solid Waste”, starting from January 1, 2021, the temporary import tax rate for solid waste such as metal scraps and scraps will be cancelled, and the most-favored-nation tax rate will be restored.
In order to promote the high-quality development of the “One Belt and One Road” initiative and achieve high-quality introduction and high-level globalization, according to the free trade agreement signed and effective between my country and relevant countries or regions Or preferential trade arrangements, my country will implement agreement tax rates on some imported goods originating from relevant countries or regions in 2021. Among them, the China-Mauritius Free Trade Agreement will take effect from January 1, 2021 and implement tax reductions. Further tax reductions include free trade agreements between China and New Zealand, Peru, Costa Rica, Switzerland, Iceland, Pakistan, Chile, Australia, South Korea, Georgia and the Asia-Pacific Trade Agreement. Some imported goods originating in Mongolia will be subject to the Asia-Pacific Trade Agreement tax rates starting from January 1, 2021. In 2021, preferential tax rates will continue to be implemented for the 43 least developed countries that have established diplomatic relations with China and completed the exchange of letters. The scope of commodities and tax rates applicable to the preferential tax rates will remain unchanged.
Starting from July 1, 2021, my country will also implement the sixth step of tax reduction on the most-favored-nation tax rate for 176 information technology products.
In order to adapt to the needs of industrial development and technological progress, facilitate trade management and statistics, and standardize the implementation of the “Commodity Name and Coding Coordination System”, some tariff items have also been adjusted in 2021. The total number of tax items after adjustment is 8,580.
The above adjustment measures are conducive to better attracting global resource factors, not only meeting domestic demand, but also improving the level of my country’s industrial and technological development, promoting the formation of a grand and smooth domestic economic cycle; conducive to the development of my country’s ultra-large-scale market advantage provides broader market opportunities for countries around the world and creates my country’s new international cooperation and competitive advantages; it is conducive to building a high-standard free trade zone network for the world, better connecting the domestic market and the international market, and better Promote the common development of China’s economy and the world economy and promote win-win cooperation.
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