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China’s Average Consumer Import Tariff Set to Fall From 17.3% to 7.7%

China’s average import tariff rate on consumer goods is set for a dramatic drop from 17.3% to just 7.7% from 1 December this year. The fall comes as a consequence of tariff reductions on 187 product categories, including foodstuffs, health supplements, pharmaceuticals, household chemicals, clothing, footwear, headgear, household equipment, cultural / recreational supplies and daily use grocery products. According to a circular issued by the State Council Customs Tariff Commission, the levy reduction was triggered by the surge in demand for imported consumer items over the last two years.

For further details (in Chinese), please refer to the following link:

Circular of State Council Customs Tariff Commission on Adjusting Import Tariffs on Selected Consumer Products (Shui Wei Hui No. 25 [2017])

Content provided by Picture: HKTDC Research
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