In 2023, the tariff has ushered in a new adjustment - from January 1, 1020 goods will be subject to provisional import tariff rates lower than the MFN tariff rate; From January 2, the agreed tax rate of the Regional Comprehensive Economic Partnership Agreement (RCEP) will be applied to some commodities originating in Indonesia; From July 1, the eighth step of tax reduction will be implemented for the MFN tax rate of 62 information technology products... In this tariff adjustment schedule, "reduction" becomes the key word. Experts pointed out that in recent years, China has successively reduced the import tariffs of related commodities, boosting the entry of global good goods into the Chinese market, not only meeting the domestic consumption upgrading and enterprise production needs, but also providing countries with broader market opportunities to share the dividends of China's opening up. China's total tariff level will fall to 7.3% - from January 1, 2023, China will apply a provisional import tariff rate lower than the MFN tariff rate on 1020 goods. This number increased by 66 items compared with the previous year, and maintained growth for four consecutive years. -On January 2, RCEP officially entered into force for Indonesia. So far, the world's largest free trade agreement has entered into force for 14 of its 15 signatories. Since January 2, China has implemented the treaty tax rate applicable to the ASEAN member countries of RCEP in 2023 for some imported goods originating in Indonesia. -In 2023, China will reduce the import tariffs on homogenized mixed foods for infants and young children, frozen blue cod, cashew nuts and other foods, as well as small household appliances such as coffee machines, juice extractors and hair dryers. Among them, the tax rate of homogenized mixed food, frozen blue cod and other commodities decreased by no less than 50%. -From July 1, 2023, China will also implement the eighth step of tax reduction on the MFN tax rate of 62 information technology products. After adjustment, China's total tariff level will drop from 7.4% to 7.3%. At the beginning of the new year, according to the Free Trade Agreement and the further tax reduction of RCEP, RCEP has made new progress: it officially entered into force for Indonesia on January 2. So far, the world's largest free trade agreement has entered into force for 14 of its 15 signatories. China is Indonesia's largest trading partner and Indonesia's largest export market. After the RCEP came into force for Indonesia, China's new measures of commodity tariff reduction and exemption are a major attraction. The Tariff and Tariff Commission of the State Council recently issued the 2023 tariff adjustment plan. According to the relevant provisions of RCEP and the entry into force of the agreement for Indonesia, from January 2, the agreement tariff rate applicable to the ASEAN member countries of RCEP in 2023 will be applied to some imported goods originating in Indonesia. Specifically, China will, on the basis of the China-ASEAN Free Trade Agreement, reduce taxes on pineapple juice and cans, coconut juice, pepper, diesel, paper products, some chemicals and auto parts produced in Indonesia, and implement immediate zero tariffs on 67.9% of the products originating in Indonesia from January 2. "The higher level of openness advocated and led by China is urgently needed by developing economies, including Indonesia." Dai Ning, the Consul General of Indonesia in Shanghai, said that the Expo held by China has enhanced the recognition and reputation of Indonesian brands in China. In 2021, the bilateral trade volume between the two countries will increase by about 56%
Edit：wangwenting Responsible editor：xiaomai
Source：china.cn
Special statement: if the pictures and texts reproduced or quoted on this site infringe your legitimate rights and interests, please contact this site, and this site will correct and delete them in time. For copyright issues and website cooperation, please contact through outlook new era email：lwxsd@liaowanghn.com
Economy
Recommended Reading Change it 
Home
