Import Tariff Adjustment Of Some Textiles And Garments In 2021
In order to implement the spirit of the Fifth Plenary Session of the 19th Central Committee of the Communist Party of China, adhere to the new development concept, and support the construction of a new development pattern with the domestic big cycle as the main body and the domestic and international dual circulation promoting each other, with the approval of the State Council, the Tariff Commission of the State Council recently issued a notice to adjust the import tariff of some commodities from January 1, 2021. In 2021, the tariff adjustment plan takes promoting high-quality development as the theme, and promotes the innovation, development, optimization and upgrading of the real economy.
In the tariff adjustment plan for 2021, items 528 to 551 of Schedule 1 "provisional tariff rate table of imported goods" relate to textiles and clothing; item 26 of schedule 2 "MFN tariff table of some information technology products" relates to textiles and clothing; table 3 "tariff quota commodity tariff rate table" deals with textile raw materials, wool top and cotton; Most of the textiles and garments are covered in schedule 7 "related treaties for further tariff reduction".
From July 1, 2021, China will also implement the sixth step of reducing the most favored nation tax rate of 176 information technology products.
In order to meet the needs of industrial development and scientific and technological progress, facilitate trade management and statistics, and standardize the implementation of the "commodity name and coding coordination system", some tax items were adjusted in 2021. After the adjustment, the total number of tax items is 8580.
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