China Customs Issues Further Guidance on Plans to Reduce Import Tariffs
China’s General Administration of Customs released guidance and more information about China’s plans to reduce import tariffs on more than 850 items in 2020 (see 1912230051), according to a notice released Dec. 30. The agency said it will soon issue…
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a 2020 edition of the “Import and Export Tariff of the People's Republic of China,” and has published on its customs “portal” a “Catalogue for the Declaration of Customs Import and Export Commodities” regarding the tariff reductions, according to an unofficial translation. The customs administration also said it has adjusted “relevant customs commodity numbers” to “effectively implement the tentative tax rates.”