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The Tariff Policy
Commission of the State Council has announced that China will
further cut import tariffs on more than 900 products beginning
January 1 of 2005.
This will lower the general level of import tariffs
to 9.9 percent from the current level of 10.4 percent.
Meanwhile, China will resume the collection of export
tariffs on resource-related products from January 1, 2005, which
analysts say is a move to meet strong domestic demand.
The tariff will help encourage the export of high
value-added products and optimize the mix of Chinese textile exports,
Chong, an official with the Ministry of Commerce said. The tariff
rate " will be set by considering the conditions of textile
manufacturers. "
"It is also a self-regulation act to avoid anti-dumping
actions of other countries," said an official with the General
Administration of Customs of China.
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