China will adjust some import and export tariffs, the MFN tariff rate will remain unchanged next year.

The Ministry of Finance issued a news on the 14th, after review by the State Council Customs Tariff Commission and reported to the State Council for approval, China will adjust the tax rate of some import and export tariffs from January 1, 2011, and the total number of import and export tax items in 2011 will be 7,923 in 2010. Increased to 7797. Every year, China will adjust the import and export tariffs for the coming year at the end of the year. The Ministry of Finance said that compared with previous years, this year's adjustment is not great, but in the context of accelerating the transformation of economic development mode, the intention of regulation is more prominent.

Look at one:

The MFN tariff rate will remain unchanged next year. China’s tax reduction commitments to join the World Trade Organization have been fully fulfilled in 2010. The Ministry of Finance said that China’s MFN tariff rate will remain unchanged in 2011. On this basis, next year, we will continue to implement tariff quota management for three kinds of fertilizers such as wheat and seven kinds of agricultural products, and implement a 1% provisional quota rate for three kinds of fertilizers such as urea. The tariff is subject to an additional import of a certain amount of cotton, and the tax rate remains unchanged. Continue to implement specific or compound tax on 55 kinds of products such as frozen chicken, and appropriately adjust the specific tax amount of a small amount of commodities.

Aspect 2:

Highlighting the regulation of energy conservation and emission reduction The Ministry of Finance introduced that in 2011 China will implement a lower annual import provisional tax rate for more than 600 resource, basic raw materials and key component products. Among them, the first implementation of the annual import provisional tax rate includes resource products such as propane and butane, basic raw materials such as fatty acid, polyimide film, and titanium tape, high-definition camera, polarizer for liquid crystal projector, and electronic parking brake. Key components such as the system. According to the changes in domestic production capacity, technical level, and supply and demand, China will also increase or eliminate the annual import provisional tax rate for carbon fiber yarns, ion exchange membranes, and superchargers for cars. In addition, in 2011, China will continue to impose export tariffs on “two high and one capital” products such as coal, crude oil, chemical fertilizers and non-ferrous metals in the form of provisional tax rates. In order to regulate the export of rare earths and alleviate the rising trend of fertilizer prices, China has also increased the export tariffs of individual rare earth products, and appropriately adjusted the applicable seasons for the seasons of fertilizers and the seasons of export tariffs and the benchmark prices for export tariffs in the off-season to ensure the demand for domestic fertilizers in the coming year. The Central Economic Work Conference, which has just concluded, emphasizes that accelerating the transformation of the economic development mode will become a main line running through the entire economic development next year. The reporter learned from the Ministry of Finance that the tariff adjustment next year also highlights the regulatory intention of “promoting economic restructuring, strengthening energy conservation and emission reduction and ecological environmental protection”.

Aspect 3:

More countries and regions will enjoy the agreement tax rate to expand bilateral and multilateral economic and trade cooperation. Next year, China will be based on free trade agreements or preferential tariff agreements with relevant countries or regions, and will be native to ASEAN countries, Chile, Pakistan, New Zealand and Peru. Some imported products from countries such as South Korea, India, Sri Lanka, and Bangladesh are subject to an agreed tax rate lower than the MFN tariff rate. At the same time, under the framework of the Closer Economic Partnership Arrangement between the Mainland and Hong Kong and Macao, zero tariffs will be imposed on products originating in Hong Kong and Macao and having established preferential standards for origin. According to the Cross-Strait Economic Cooperation Framework Agreement, the early harvesting plan for goods trade, in 2011, the implementation of the agreed tax rate on more than 500 early harvested goods originating in Taiwan. In addition, China will continue to impose preferential tax rates on selected products originating in 41 least developed countries such as Laos, Sudan and Yemen.

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