China Adjusts Import Tax Rates For Some Asia-Pacific Countries Involving 2,323 Tax Items

- Jul 02, 2018 -

Starting from July 1, China will reduce taxes on 2,323 tax-exempt country-of-origin goods imported from India, South Korea, Sri Lanka, Bangladesh and Laos, mainly including fish, vegetables, tea, chemical products, textiles and clothing, and footwear. , steel products, automotive parts, machinery and electronics and instrumentation and other products. This is the result of the implementation of the fourth round of tariff concessions under the "Asia-Pacific Trade Agreement" (referred to as the "Asia-Pacific Trade Agreement").