Since January 1, 2023, in China, the import and export tariffs of some commodities will be adjusted

In order to implement the spirit of the 20th National Congress of the Communist Party of China and the decision-making and deployment of the Party Central Committee and the State Council, give full play to the role of tariffs as a connection point of the dual circulation between domestic and international markets, and help build a new development pattern and achieve high-quality development with high-level opening up, with the approval of the State Council, the Tariff Commission of the State Council issued an announcement that the import and export tariffs of some commodities will be adjusted in 2023.

In order to enhance the linkage effect of the two resources in the domestic and international markets, from January 1, 2023, China will implement a provisional import tax rate lower than the most-favored-nation tax rate for 1,020 commodities.

First, to protect people’s health and reduce the economic burden of patients, implement zero tariffs on some anticancer drug raw materials, anti-new coronavirus drug raw materials, and cancerous pain-relieving drugs, and reduce import tariffs on dentures, vascular stent raw materials, contrast agents and other medical supplies.

Second, to comply with the trend of consumption upgrading and meet the consumption needs of residents with high-quality supply, reduce the import tariffs of homogenized mixed foods for infants and young children, foods such as frozen blue cod and cashew nuts, and small household appliances such as coffee machines, juicers, and hair dryers.

Third, to strengthen resource supply capacity and improve the resilience of the industrial chain and supply chain, implement zero tariffs on potash fertilizer, unwrought cobalt, etc., and reduce import tariffs on some wood and paper products, boric acid and other commodities.

Fourth, to promote the innovation and development of advanced manufacturing and accelerate industrial transformation and upgrading, reduce import tariffs on lithium niobate, electronic ink screens, iridium oxide for fuel cells, roller bearings for wind turbines and other commodities.