From next year, there will be zero tariffs on gasoline engine pellet traps/electronic throttles for automobiles

On December 15, the Customs Tariff Commission of the State Council issued a notice that the import and export tariffs of some commodities will be adjusted in 2022. From January 1, 2022, China will implement a provisional import tax rate lower than the MFN tax rate for 954 commodities, involving the automotive sector, mainly gasoline engine pellet traps/electronic throttles for automobiles with zero tariffs.

First, in order to reduce the economic burden of patients and continuously improve the health and well-being of the people, zero tariffs were implemented on the new anti-cancer drug radium chloride injection, and the import tariffs of some medical products such as intracranial thrombotic stents and artificial joints were reduced.

The second is to meet the needs of the people's better life, conform to the trend of consumption upgrading, create a strong atmosphere of the Beijing Winter Olympics, and reduce the import tariffs of some consumer goods, including salmon, cod and other high-quality aquatic products, baby clothing, dishwashers, ski equipment, etc.

The third is to adapt to the demand for cultural consumption and implement zero tariffs on oil paintings and other works of art that have been over 100 years old.

Fourth, in order to improve environmental quality and promote green and low-carbon development, import tariffs will be reduced on gasoline engine pellet traps that can improve vehicle fuel efficiency and reduce exhaust emissions, electronic throttles for automobiles, and peat that can be used for soil remediation.

The fifth is to help the manufacturing industry optimize and upgrade, reduce the import tariffs on key components such as high-purity graphite accessories, high-voltage cables used in high-speed EMUs, membrane electrode components for fuel cells and bipolar plates, and reduce import tariffs on raw materials required by the food processing, daily chemical and leather manufacturing industries such as cocoa beans, plant essential oils, and animal furs.

The sixth is to reduce the import tariffs of resource products such as pyrite and pure potassium chloride that are in short supply in China.

From January 1, 2022, according to the changes in domestic industrial development and supply and demand, within the scope of China's commitment to join the World Trade Organization, the import and export tariffs of some commodities will be increased. Among them, the provisional import tax rate for some amino acids, lead-acid battery parts, gelatin, pork, m-cresol, etc. will be cancelled and the most-favored-nation tax rate will be restored; in order to promote the transformation and upgrading of related industries and high-quality development, increase the export tariffs on phosphorus and crude copper.

From July 1, 2022, China will also implement the seventh step of tax reduction for the most-favored-nation tax rate of 62 information technology products. After the adjustment, the total level of Tariffs in China will continue to remain at 7.4%.

In order to continue to promote a high level of opening up, according to the free trade agreements and preferential trade arrangements signed by China and relevant countries or regions, the agreed tax rate will be implemented for some commodities originating in 29 countries or regions in 2022. Among them, China's bilateral free trade agreements with New Zealand, Peru, Costa Rica, Switzerland, Iceland, South Korea, Australia, Pakistan, Georgia, Mauritius and other bilateral free trade agreements and Asia-Pacific trade agreements will further reduce taxes; the Regional Comprehensive Economic Partnership Agreement (RCEP) and the China-Cambodia Free Trade Agreement will take effect and implement tax reductions from January 1, 2022.

In 2022, preferential tax rates will continue to be applied to the least developed countries that have established diplomatic relations with China and completed the exchange procedures.

In accordance with the revised Harmonized System of Commodity Names and Codes of the World Customs Organization and the relevant rules of the World Trade Organization, a technical conversion of tariff lines and rates will be carried out in 2022. At the same time, in order to meet the needs of industrial development and facilitate trade supervision, some tariff lines will also be adjusted. After the adjustment, the total number of tariff lines is 8930.

The above adjustment measures adhere to the people-centered, overall development and security, based on domestic development needs, is conducive to maintaining the security and stability of the domestic industrial chain supply chain, supporting the stable operation of the economy across cycles and long-term improvement; conducive to guiding the allocation of resources, supporting scientific and technological innovation and industrial transformation and upgrading, and promoting green and low-carbon development; conducive to giving play to China's super-large-scale market advantages, actively participating in the reshaping of the global industrial chain, building a high-standard free trade zone network facing the world, and continuing to promote high-level opening up. (Image source network)