China Cut More Auto Import Tariffs

07/12/2004

China will adjust the general level of import tariffs downward to 10.1 per cent for nearly one thousand commodities starting from January 1st, 2005.

The tariffs for motor vehicles with displacements below above and below 3 liters will all go down to a unitary rate of 30 per cent from the current rates of 34 and 37.6 per cent.

Import quotas and license management for motor vehicles and key accessories will also be scrapped.