Next Year'S Import And Export Tariffs Will Adjust The Total Tariff Level To 9.8%.
The Ministry of Finance announced that, with the approval of the State Council, China will further adjust import and export tariffs from January 1, 2008, mainly involving MFN rates, annual provisional rates, agreement tax rates and preferential tariff rates.
After adjustment, the total tariff level in China will be 9.8% next year. The average agricultural product tax rate is 15.2% and the industrial product average tax rate is 8.9%.
The Ministry of Finance said at the same time that China has adjusted some of the tariff items in the import and export tariff on the premise that it is in line with the listing principles of the World Customs Organization's commodity name and coding coordination system. The total number of import and export tariff items of our 2008 edition will increase from 7646 in 2007 to 7758.
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