Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

China to cut import tariffs on certain goods to expand domestic demand

Xinhua | Updated: 2024-12-28 10:40
Share
Share - WeChat

BEIJING -- China will reduce import tariffs on a large number of goods next year in its latest move to expand domestic demand and advance high-standard opening up, authorities announced Saturday.

Provisional import tariffs, lower than the most-favored-nation rates, will be applied to 935 commodities as part of an annual tariff adjustment plan effective on Jan 1, 2025. This plan "will help increase the imports of quality products," according to a statement from the Customs Tariff Commission of the State Council.

This tariff reduction aligns with the need to foster new quality productive forces through scientific and technological innovation, enhance people's well-being, and promote green and low-carbon development, the commission said.

For instance, lower provisional tariffs will be implemented for some raw materials, including ethane, cycloolefin polymers and ethylene-vinyl alcohol copolymers, which are important basic materials for the petrochemical industry.

"These tariff cuts will effectively reduce the production costs of enterprises, promote their technological innovation and facilitate the green development of the petrochemical industry," said Fan Min, deputy head of the information and market department at China Petroleum and Chemical Industry Federation.

Some recycled copper and aluminium raw materials will also see their import tariffs reduced, according to the commission.

In addition, automatic transmissions for special-purpose vehicles such as fire trucks and repair vehicles will enjoy lower import tariffs, which analysts say will better guarantee the production of such vehicles and improve their competitiveness.

While continuing to apply zero tariffs on some drugs and raw materials to treat cancer and rare diseases, the country will cut tariffs on sodium zirconium cyclosilicate, viral vectors for CAR-T tumor therapy, and nickel-titanium alloy wires for surgical implants.

By continuously reducing import tariffs on the pharmaceutical raw materials and medical equipment in high demand, China will better ensure people's access to medical services, said Gao Yuning, vice dean of the School of Public Policy and Management of Tsinghua University.

China has been bringing down the import tariffs for drugs and active pharmaceutical ingredients since 2018.

Under 24 free trade and preferential trade arrangements, conventional tariff rates will be applied to certain products from 34 countries or regions next year as part of China's efforts to expand its globally-oriented network of high-standard free trade areas, according to the commission.

Among these, lower tariffs under the China-Maldives free trade agreement, effective Jan 1, 2025, will eventually lead to zero tariffs on nearly 96 percent of tariff lines between the two sides.

China will also continue to offer zero-tariff treatment on 100 percent of tariff lines next year to the 43 least developed countries with which it has diplomatic relations in a bid to support their development and foster mutual benefits, according to the commission.

These measures demonstrate China's determination to advance high-standard opening up and its sense of duty as a responsible major country, said Gao Lingyun, a researcher at the Chinese Academy of Social Sciences.

Despite global headwinds against globalization and rising geopolitical risks, China has acted to open its doors wider. The tone-setting Central Economic Work Conference held earlier this month vowed to expand voluntary and unilateral opening up in an orderly manner.

Specified tariff items will be introduced for products such as pure electric passenger vehicles to support industrial development and sci-tech advancement, while import tariffs will be increased on goods including battery diaphragms, in light of domestic industrial development and market supply and demand, and in accordance with its commitments to the World Trade Organization, according to the commission.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 久久狠狠躁免费观看| 免费无遮挡无码视频网站| 91精品视频免费| 手机看片久久国产免费| 亚洲一区精品无码| 狠狠做深爱婷婷综合一区| 国产三级在线播放线| 4hu永久影院在线四虎| 少妇人妻偷人精品一区二区| 久久精品免费观看国产| 欧美精品在线视频| 免费观看的毛片手机视频| 超级乱淫视频aⅴ播放视频| 欧美国产日韩久久久| 啊灬啊灬用力灬别停岳视频| 亚洲色欲色欲综合网站| 天天综合色天天综合| 久久99国产精品久久99| 最近最新视频中文字幕4| 国产gaysexchina男同menxnxx| 人人妻人人澡人人爽人人精品| avtt亚洲一区中文字幕| 色综合天天综合网看在线影院| 成人自拍视频在线观看| 五月天丁香在线| 欧美色图校园春色| 国产成人亚洲精品电影| 999在线视频精品免费播放观看 | 日韩精品在线一区二区| 四虎影院在线播放视频| 久久久xxxx| 国产精品视频你懂的| www.日本高清| 成人无码精品一区二区三区| 久久狠狠高潮亚洲精品| 校花的好大的奶好爽漫画| 亚洲熟妇中文字幕五十中出| 精品国产一区二区三区香蕉事| 国产精品无码免费播放| av片在线播放| 岛国免费在线观看|