On December 13, 2021, State Council Customs Tariff Commission announced 2022 Customs Tariff Adjustment Plan (hereinafter referred to as “the Plan”).

In the Plan, it specified that:

·   Import tariff rates

·   MFN (most favoured nation) rate 

·   implementing temporary import tax rate for 954 products 

·   cancelling temporary import tax rate for seven IT products 

·   implementing MFN rate for Republic of Seychelles and Democratic Republic of Sao Tome and Principe

·   tariff quota rate 

·   continuing tariff quota management for wheat, corn, rice, grain, sugar, wool, cotton and fertiliser 

·   conventional tariff 

·   implementing a conventional tariff on imports from 28 countries under 17 trade agreements, including CEPA and ECFA 

·   preferential tariff 

·   implementing preferential tariff for 44 least developed countries 

·   Export tariff rates 

·   continuing to implement export tariffs on 106 products including ferrochrome and yellow phosphorus 

·   Tariff items 

·   adjusting tariff items based on '2022 harmonised trade name and coding system'

If you need more information or any question on the topic, please contact:

assistant@bestao-consulting.com