Expanding domestic demand and promoting high-level opening to the outside world
From January 1, 2025, China will adjust the tariff rate of some commodities.
A few days ago, the State Council Customs Tariff Commission issued the "Tariff Adjustment Plan for 2025" (hereinafter referred to as the "Plan"). Guided by Socialism with Chinese characteristics Thought of the Supreme Leader in the New Era, the Plan thoroughly implements the spirit of the 20th National Congress of the Communist Party of China and the Second and Third Plenary Sessions of the 20th Central Committee, adheres to the general tone of striving for progress while maintaining stability, expands independent opening and unilateral opening in an orderly manner, and adjusts the import tariff rates and tax items of some commodities. The implementation of the "Program" from January 1, 2025 will help increase the import of high-quality products, expand domestic demand, promote high-level opening up, and solidly promote high-quality development.
In order to enhance the linkage effect of two resources in the domestic and international markets, in 2025, a provisional import tariff rate lower than the MFN tariff rate will be imposed on 935 commodities. First, support scientific and technological innovation to lead the development of new quality productivity, and reduce import tariffs on automatic gearboxes of special-purpose vehicles such as cycloolefin polymers, ethylene-vinyl alcohol copolymers, fire engines and emergency repair vehicles. The second is to protect and improve people’s livelihood in development, and reduce import tariffs on sodium zirconium silicate, virus vectors for CAR-T tumor therapy, and nickel-titanium alloy wires for surgical implantation. The third is to promote green and low-carbon development and reduce import tariffs on ethane and some recycled copper and aluminum raw materials. In addition, according to the domestic industrial development and changes in supply and demand, within the scope of China’s commitment to join the World Trade Organization, the import tariffs on some commodities such as syrup and sugar-containing premixed powder, vinyl chloride and battery separators will be increased.
In order to expand the global network of high-standard free trade zones, in 2025, some imported goods originating in 34 countries or regions under 24 free trade agreements and preferential trade arrangements will be subject to agreed tax rates. Among them, the China-Maldives Free Trade Agreement came into effect on January 1, 2025 and implemented tax reduction. After the final tax reduction is completed in the future, nearly 96% of the tax items of both sides will achieve zero tariff.
In order to help the least developed countries develop and achieve mutual benefit and win-win, in 2025, we will continue to give 100% tariff treatment to the products of the least developed countries that have established diplomatic relations with China. At the same time, we will continue to implement preferential tax rates on some imported goods originating in Bangladesh, Laos, Cambodia and Myanmar in accordance with the Asia-Pacific Trade Agreement and the exchange of letters between China and relevant ASEAN member governments.
In order to serve the development of the industry and the progress of science and technology, in 2025, domestic subheadings such as pure electric passenger cars, canned Pleurotus eryngii, spodumene and ethane will be added, and the expression of tax items such as coconut juice and made feed additives will be optimized. After adjustment, the total number of tariff items is 8960. At the same time, in order to promote the scientific and standardized tariff system, in 2025, domestic subheadings such as dried laver, carburettor and injection molding machine will be added, and the expression of domestic subheadings such as liquor, wood activated carbon and thermal printer will be optimized.