2016 A New Round Of Tariff Reduction Policy Has Brought Down Import Duties Such As Clothing And Bags.

A new round of tariff reduction policy is coming out.

In recent days, the Ministry of Finance website has announced that in order to comprehensively consider and comprehensively utilize two domestic and international markets and two kinds of resources, support the pformation and upgrading of industries, promote the pformation of foreign trade development mode and promote sustained and healthy development of the economy, the State Council's tariff Tariff Commission will consider it and submit it to the State Council for approval, and from January 1, 2016, China will respond to it.

The tariff is partially adjusted.

In order to promote steady growth in imports and exports, strengthen imports of advanced technology, products and services, increase effective supply, and promote domestic independent innovation and industrial structure optimization and upgrading, tariff adjustment will continue to encourage imports of advanced equipment, key components and energy raw materials imported from China in 2016, and reduce import tariffs for high-speed electric locomotives, such as traction converters, TV camera module, pure electric or hybrid electric motor controller assembly, chrome free tanning agent, cattle and sheep oil and other commodities.

To enrich domestic consumers' shopping choices and meet the needs of domestic consumption upgrading.

In 2016, we will moderately expand the scope of tax reduction for daily consumer goods, and reduce the import tariff rate with relatively high import tariffs and larger import demand elasticity.

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Import duties of goods such as blankets, vacuum cups, sunglasses and so on.

In order to give full play to the role of tariffs in protecting domestic industries, in accordance with domestic production to meet demand, the tariff of some commodities such as automatic winder will be adjusted in 2016.

At the same time, in 2016, export tariffs on such commodities as phosphoric acid, ammonia and ammonia will be abolished, and export tariffs on pig iron and billets should be appropriately reduced.

To expand bilateral and multilateral economic and trade cooperation, accelerate the implementation of the free trade area strategy on the basis of the periphery, and form a global standard free trade zone network. In accordance with the trade or tariff preference agreement signed by our country and other countries or regions, we will further reduce the 7 agreements between China and Iceland, Switzerland, Costa Rica, Peru, New Zealand FTA, and the closer economic and trade relations arrangement between the mainland and Hong Kong and Macao in 2016.

At the same time, according to China's commitment to lower taxes on some environmental products in the framework of APEC in 2012, 27 environmental products tax rates of 5% above the tax rate will be reduced to 5% in 2016, mainly including sludge dryers, garbage incinerators, solar water heaters and wind turbine generators.

In order to meet the needs of scientific and technological progress, industrial structure adjustment, trade structure optimization and strengthening import and export management, some tax items of import and export tariff were adjusted in 2016.

After adjustment, the total number of tariff items will increase from 8285 to 8294 in 2016.