In order to implement the spirit of the 19th National Congress of the Communist Party of China, the 2nd, 3rd, and 4th Plenary Sessions of the 19th Central Committee, and the Central Economic Work Conference, and promote high-quality trade development, with the approval of the State Council, the State Council Tariff Commission recently issued a notice, since January 2020 Starting from the 1st, import tariffs on some commodities will be adjusted.

In order to actively expand imports, stimulate import potential, and optimize the import structure, starting from January 1, 2020, my country will implement temporary import tariff rates lower than the most-favored-nation tariff rate on more than 850 commodities. Among them, in order to better meet the needs of the people’s lives, moderately increase imports of domestic consumer goods that are relatively scarce or have foreign characteristics, and add or reduce the temporary import tax rates of frozen pork, frozen avocados, non-frozen orange juice and other commodities; to reduce the cost of medication , To promote the production of new drugs, and implement zero tariffs on alkaloids for the treatment of asthma and raw materials for the production of new diabetes treatment drugs; to expand the import of advanced technologies, equipment and parts, support the development of high-tech industries, add or reduce semiconductor testing Sorting and taping machines, high-pressure turbine clearance control valves, hydraulic torque converters and aluminum valve cores for automatic transmissions, ferroniobium, multi-element integrated circuit memories, large-axis film raw materials, photoresist dispersions, culture media and other commodities Temporary import tariff rate; to encourage the import of domestic resource products that are in demand, the provisional import tariff rate of some timber and paper products has been increased or reduced.

In order to promote the coordinated development of trade and the environment, in accordance with the State Council’s comprehensive ban on the import of environmentally hazardous solid wastes and the people’s strong response to the relevant spirit of solid waste, in conjunction with the adjustment time of the imported waste management catalogue, from January 1, 2020, tungsten waste will be cancelled. The provisional tariff rates for the import of scrap and niobium scraps and scraps have been restored to the most-favored-nation tax rate.

In order to promote the high-quality development of the "Belt and Road", build a global network of high-standard free trade zones, and implement a mutually beneficial and win-win open strategy. According to free trade agreements or preferential trade arrangements signed between my country and relevant countries or regions, 2020 my country will continue to implement treaty tax rates on some commodities originating in 23 countries or regions. Among them, the further tax cuts are the Free Trade Agreement between China and New Zealand, Peru, Costa Rica, Switzerland, Iceland, Singapore, Australia, South Korea, Georgia, Chile, Pakistan and the Asia-Pacific Trade Agreement. In 2020, continue to implement preferential tax rates for the least developed countries that have established diplomatic relations with my country and completed the exchange of letters, and adjust the preferential tax rates to countries based on the United Nations list of least developed countries and my country's transitional arrangements.

From July 1, 2020, my country will also implement the fifth step of tax reduction on the most-favored-nation tax rate of 176 information technology products, and at the same time, in conjunction with this, adjust the temporary import tax rate of some of the information technology products accordingly.

The Office of the Customs Tariff Commission of the State Council stated that the above adjustment measures are conducive to reducing import costs, promoting the orderly and free flow of international and domestic factors, and promoting the construction of a new higher-level open economic system; conducive to improving the level of opening up to the outside world and continuously expanding new space for trade development. Accelerate the construction of high-standard free trade zones; it is conducive to sharing development results with other countries and regions, and creating a new situation in international trade featuring open cooperation, inclusiveness, and shared benefits.