The Customs Tariff Commission of The State Council recently issued a notice that in 2021, the most-favored-nation tariff rate, agreed tariff rate and provisional tariff rate of some imported goods will be adjusted to support the construction of a new development pattern with the domestic great cycle as the main body and the domestic and international double cycle promoting each other。
According to the notice, starting from January 1, 2021, China will implement provisional import tax rates lower than the most-favored-nation rate on 883 goods。Most-favoured-nation tax rate is the tax rate that our country applies to imports from most countries。Temporary tariff rate refers to the tariff rate applied to some imported and exported commodities within a certain period of time. The temporary tariff rate is generally lower than the most-favored-nation tariff rate, and is a common way to adjust tariffs independently。
In order to reduce the economic burden of patients and improve the quality of life of the people, the second batch of anti-cancer drug raw materials and food needed for special children will be zero-tariff, and the import tariff of medical equipment such as artificial heart valves and hearing AIDS and infant milk powder raw materials such as whey protein powder and lactoferrin will be reduced。The provisional tariff table of imported commodities shows that the tariff of pharmaceutical raw materials such as sodium beprost and pyrrotinib maleate is 6.5% reduced to 0%;Tariffs on artificial heart valves and hearing AIDS were reduced from 4% to 1%;Whey protein powder and lactoferrin decreased from 10% to 5%。
Tu Xinquan, director of the China Institute of WTO Studies at the University of International Business and Economics, said that a large number of tariff reduction goods are closely related to the daily life of ordinary people, and the production capacity of these goods is slightly insufficient at present, and the tariff reduction will help reduce the price of final products and promote consumption。In terms of drugs, the main reduction is raw material tariffs, which can promote the development and production of related drugs and reduce drug costs。
"This tariff adjustment fully reflects the importance of the market and can accurately and timely reflect market demand.。For example, the medicinal borosilicate glass tube is an important carrier of the novel coronavirus pneumonia vaccine, which is also included in the reduction of tariffs, helping to reduce the cost of vaccines。Tu Xinquan said that the reduction of import tariffs on some equipment, parts and other industrial intermediate goods will help reduce the production cost of downstream manufacturing and enhance the development capacity of the industry。
In order to implement the "Law on the Prevention and Control of Environmental Pollution by Solid Waste", from January 1, 2021, the provisional tax rate on the import of solid waste such as metal scrap will be cancelled accordingly, and the most-favored-nation tax rate higher than the provisional tax rate will be restored。"The Law on the Prevention and Control of Environmental Pollution by Solid Waste is to prevent solid waste from polluting the environment, safeguard public health, maintain ecological safety, and promote sustainable economic and social development.。Supporting tariffs will help promote balanced development of trade and environment。Tu Xinquan said。
Agreed tariff rates refer to tariff rates applied under signed trade agreements or preferential trade arrangements, which are also generally lower than MFN rates。In order to promote the high-quality development of the Belt and Road Initiative, in accordance with the free trade agreements or preferential trade arrangements signed and entered into force between China and relevant countries or regions, China will implement agreement tax rates on some imported goods originating in relevant countries or regions in 2021。Among them, the China-Mauritius Free Trade Agreement will take effect from January 1, 2021 and implement tax reduction。Further tax cuts will be made in China's free trade agreements with New Zealand, Peru, Costa Rica, Switzerland, Iceland, Pakistan, Chile, Australia, South Korea, Georgia and the Asia-Pacific Trade Agreement。
"From July 1, 2021, China will also implement the sixth step of the most-favored-nation tax reduction on 176 information technology products.。The official of the customs Department of the Ministry of Finance said。
Huang Peng, president of the Shanghai WTO Affairs Consulting Center, believes that tariff adjustment is conducive to better attracting global resources and factors, which can better meet domestic demand, but also improve the development level and competitiveness of China's industry。The further opening of the Chinese market also provides more opportunities for countries around the world and helps speed up the construction of a network of high-standard free trade areas facing the world。
According to the notice, starting from January 1, 2021, China will implement provisional import tax rates lower than the most-favored-nation rate on 883 goods。Most-favoured-nation tax rate is the tax rate that our country applies to imports from most countries。Temporary tariff rate refers to the tariff rate applied to some imported and exported commodities within a certain period of time. The temporary tariff rate is generally lower than the most-favored-nation tariff rate, and is a common way to adjust tariffs independently。
In order to reduce the economic burden of patients and improve the quality of life of the people, the second batch of anti-cancer drug raw materials and food needed for special children will be zero-tariff, and the import tariff of medical equipment such as artificial heart valves and hearing AIDS and infant milk powder raw materials such as whey protein powder and lactoferrin will be reduced。The provisional tariff table of imported commodities shows that the tariff of pharmaceutical raw materials such as sodium beprost and pyrrotinib maleate is 6.5% reduced to 0%;Tariffs on artificial heart valves and hearing AIDS were reduced from 4% to 1%;Whey protein powder and lactoferrin decreased from 10% to 5%。
Tu Xinquan, director of the China Institute of WTO Studies at the University of International Business and Economics, said that a large number of tariff reduction goods are closely related to the daily life of ordinary people, and the production capacity of these goods is slightly insufficient at present, and the tariff reduction will help reduce the price of final products and promote consumption。In terms of drugs, the main reduction is raw material tariffs, which can promote the development and production of related drugs and reduce drug costs。
"This tariff adjustment fully reflects the importance of the market and can accurately and timely reflect market demand.。For example, the medicinal borosilicate glass tube is an important carrier of the novel coronavirus pneumonia vaccine, which is also included in the reduction of tariffs, helping to reduce the cost of vaccines。Tu Xinquan said that the reduction of import tariffs on some equipment, parts and other industrial intermediate goods will help reduce the production cost of downstream manufacturing and enhance the development capacity of the industry。
In order to implement the "Law on the Prevention and Control of Environmental Pollution by Solid Waste", from January 1, 2021, the provisional tax rate on the import of solid waste such as metal scrap will be cancelled accordingly, and the most-favored-nation tax rate higher than the provisional tax rate will be restored。"The Law on the Prevention and Control of Environmental Pollution by Solid Waste is to prevent solid waste from polluting the environment, safeguard public health, maintain ecological safety, and promote sustainable economic and social development.。Supporting tariffs will help promote balanced development of trade and environment。Tu Xinquan said。
Agreed tariff rates refer to tariff rates applied under signed trade agreements or preferential trade arrangements, which are also generally lower than MFN rates。In order to promote the high-quality development of the Belt and Road Initiative, in accordance with the free trade agreements or preferential trade arrangements signed and entered into force between China and relevant countries or regions, China will implement agreement tax rates on some imported goods originating in relevant countries or regions in 2021。Among them, the China-Mauritius Free Trade Agreement will take effect from January 1, 2021 and implement tax reduction。Further tax cuts will be made in China's free trade agreements with New Zealand, Peru, Costa Rica, Switzerland, Iceland, Pakistan, Chile, Australia, South Korea, Georgia and the Asia-Pacific Trade Agreement。
"From July 1, 2021, China will also implement the sixth step of the most-favored-nation tax reduction on 176 information technology products.。The official of the customs Department of the Ministry of Finance said。
Huang Peng, president of the Shanghai WTO Affairs Consulting Center, believes that tariff adjustment is conducive to better attracting global resources and factors, which can better meet domestic demand, but also improve the development level and competitiveness of China's industry。The further opening of the Chinese market also provides more opportunities for countries around the world and helps speed up the construction of a network of high-standard free trade areas facing the world。
Article source: Economic Daily News