Dec. 21 – China’s Ministry of Finance recently published the “Tariff Implementation Plan 2012 (shuiweihui  No.27),” where it clarified both import and export tariffs on specific products for next year.
Over 700 types of products will be able to enjoy temporary tariff rates, most of which are lower than the most-favored-nation (MFN) tariff rates.
MFN import tariffs
According to the new Plan,
Temporary import tariffs
According to Appendix IV of the Plan, temporary import tariffs will be imposed on 737 items in 2012. For example, import of fuel oils No. 5-7 will be subject to a temporary tariff of 1 percent, compared to its MFN tariff of 6 percent; import of skin care products will be subject to a temporary tariff of 5 percent, compared to its MFN tariff of 6.5 percent; import of digital cameras and their components will be subject to a temporary tariff of 2 percent, compared to its MFN tariff of 12 percent.
Conventional import tariffs
According to Appendix III and Appendix V of the Plan, conventional import tariffs will be imposed on the products imported from those countries and areas that have signed trade agreements or preferential tariff agreements with China. Specifically:
The export tariff rates in the “Export Tax Code” remain unchanged. The export of some goods – such as ferrochrome – will be subject to temporary export tariffs of 2012. The export of several types of fertilizer during the peak seasons of the year will be subject to special export tariffs with a much higher rate of 75 percent.
The Plan will take effect on January 1, 2012.
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