Adjustments in China’s Import Tariffs

Date: January 31, 2012
Pages: 7
Price:
US$ 200.00
Publisher: China's Economy & Policy-Gateway International Group
Report type: Article
Delivery: E-mail Delivery (PDF), Online Subscription, E-mail Delivery (Word)
ID: A3BDD7C0CA2EN
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Adjustments in China’s Import Tariffs
Abstract

China’s foreign trade strategy is currently transforming away from its emphasis on exports and the attraction of foreign investment to a policy which attaches equal importance to imports and exports as well as attracting foreign investment and making investments abroad. From a strategic perspective, corresponding tariff policies are required to encourage imports and in 2011, China will implement a low annual provisional import tariff rate on more than 600 products related to resources, basic raw materials and key components. The country will also introduce incentive tariffs on imported high-tech products, advanced equipment for key industries, the environmental protection industry, and so on. This is not only an important method for promoting the development of foreign trade imports, but also one of the measures needed to bring about change in the foreign trade strategy model.
I. BACKGROUND FOR IMPORT TARIFF ADJUSTMENTS

II. IMPORT TARIFF ADJUSTMENTS AND EXPECTED IMPACTS

III. SUGGESTED POLICY DIRECTIONS
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