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[International Situation]:State Council: Since January 2022, tariffs on 954 commodities have dropped sharply! Ethylene, propylene, etc. as low as 1%

on December 15, with the approval of the State Council, the Tariff Commission of the State Council issued a notice that import and export tariffs on some commodities will be adjusted in 2022.

国务院关税税则委员会印发通知.jpg

From January 1, 2022, China will impose a provisional import tax rate lower than the most-favored-nation rate on 954 commodities. Among them, for liquefied propane, liquefied butane, ethylene, propylene, acrylonitrile, adiponitrile, etc., it can be seen that the provisional import tax rate in 2022 is significantly lower than the most-favored-nation tax rate, except for acrylonitrile import tax rate to 3%, the other five categories of product tax rate to 1%.
Table Ethylene, Propylene and Other Products Provisional Import Tariff (Unit:%)

乙烯、丙烯等产品暂定进口关税.jpg
From January 1, 2022, according to domestic industrial development and changes in supply and demand, within the scope of China's accession to the World Trade Organization commitment, some commodities import and export tariffs will be increased. Among them, some amino acids, lead-acid battery parts, gelatin, pork, m-cresol, etc. cancel the provisional import tax rate, resume the implementation of the most-favored-nation tax rate; in order to promote the transformation and upgrading of related industries and high-quality development, increase phosphorus, crude copper export tariffs.
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From July 1, 2022, China will also implement the seventh step of MFN tax reduction for 62 information technology products. After the adjustment, the overall tariff level of our country continues to 7.4%.
In order to continuously promote the high-level opening up of

, according to the free trade agreements and preferential trade arrangements signed between China and relevant countries or regions, in 2022, it will implement the agreement tax rate on some commodities originating in 29 countries or regions. Among them, China and New Zealand, Peru, Costa Rica, Switzerland, Iceland, South Korea, Australia, Pakistan, Georgia, Mauritius and other bilateral free trade agreements as well as the Asia-Pacific trade agreement will further reduce taxes; the Regional Comprehensive Economic Partnership Agreement (RCEP), China-Cambodia Free Trade Agreement will come into effect on January 1, 2022 and implement tax reduction.

to continue to implement preferential tax rates in 2022 for least developed countries that have established diplomatic relations with me and completed the exchange of letters. According to the revised "Harmonized Commodity Names and Coding System" of the World Customs Organization and the relevant rules of the World Trade Organization, a technical conversion of tariff items and tax rates will be carried out in 2022. At the same time, some of the tariff items will be adjusted to a total of 8930.


Source: State Council, Sinochem New Network
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