Home / Knowledge / News / Tariff reduction commitments under WTO completed
Tariff reduction commitments under WTO completed
19
Dec '08
The Ministry of Finance announced on December 17 the further adjustment of import and export tariffs. China import and export tariffs for 5 more commodities will be reduced from January 1 next year

Up to now, except the 5 commodities declared recently and which still have one year of tariff reduction period, China has basically fulfilled the tariff reduction commitments when acceding to the WTO.

The official from the Ministry of Finance said, as the adjustment involves smaller range of goods and the reduction of tariff rates is smaller, it will have little effect on China's general tariff level.

The general tariff level for 2009 will be 9.8 percent, the same as that of 2008, of which, average tax rate of agricultural products will be at 15.2 percent and that of industrial products 8.9 percent.

From 2002 to 2005, China made 4 major tariff reductions; tariff levels have declined from 15.3 percent to 9.9 percent and during this period, most of China's products fulfilled tariff reduction commitments in addition, some individual product lines were deleted.

After this adjustment, the number of China's import and export tariff lines will be increased from 7758 in 2008 to 7868 in 2009.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X