State Council: To Further Reduce Import Tariffs In Due Course

On the 28 day, the Central Committee of the Communist Party of China and the State Council issued the guiding opinions on promoting the development of high quality trade, and proposed that the import should be actively expanded, and the import tariff and institutional cost should be further reduced in a timely manner, so as to stimulate the import potential. We should promote the reduction of non-tariff barriers, enhance the transparency of technical trade measures and enhance the level of trade and investment facilitation.

In optimizing the import structure, we will expand imports of advanced technology, equipment and parts, encourage imports of resource products that are needed at home, support imports of consumer goods, medicine and rehabilitation, and provide for the elderly, and promote import and export of producer services such as R & D, energy conservation, environmental protection and environmental services.

In addition, China will continue to urge relevant countries to relax export control over China. Establishing export control compliance system. Improve the foreign trade investigation system. Improve the early warning system of industrial damage. Properly deal with trade frictions. Enhance the ability and level of applying trade remedy rules. Study on the establishment of trade adjustment assistance system. Strengthen risk monitoring, analysis and early warning, and guide enterprises to prevent risks.

Bai Ming, deputy director of the International Market Research Institute of the Ministry of Commerce, believes that in recent years, the Ministry of Commerce and other departments have issued a series of policy documents in stabilizing foreign trade and creating new advantages in foreign trade, such as export tax rebates, tariff reductions, cross-border electricity providers, etc., but a higher programmatic document is also needed at the overall level. The "opinion" will become a programmatic document for China to build a strong economic and trade power and promote the quality and efficiency of foreign trade.