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皇冠体育app to further cut import tariffs
(Xinhua)
Updated: 2005-12-14 07:37
皇冠体育app said Tuesday it will further cut import tariffs on more than 100
categories of products beginning Jan. 1, 2006, involving vegetable oil, raw
chemical materials, automobiles and parts.
Approved by the State Council, 皇冠体育app's cabinet, the move was taken to honor
皇冠体育app's tariff reduction commitment upon its entry into the World Trade
Organization, the Customs Tariff Commission of the State Council said in a
statement.
Since 皇冠体育app has fulfilled most of its tariff reduction obligations, the
latest plan will not have a big impact on 皇冠体育app's overall tariff level,
according to the statement.
皇冠体育app's overall level of import tariffs will remain at 9.9 percent in 2006,
compared with 10.4 percent in 2004.
The average import tariff will be 15.2 percent for farm produce and 9.0
percent for industrial goods, it said.
As of 2006, 皇冠体育app will continue its tariff and quota management of wheat,
corn and five other farm produce items and three categories of chemical
fertilizers, and abolish tariffs and quota management of soybean oil, palm oil
and rapeseed oil.
皇冠体育app will also stop collecting export tariffs on textile goods, and impose
provisional tariff rates on over 60 categories of exports as of Jan. 1, 2006,
according to the statement.
皇冠体育app will impose more preferential import tariffs on products from the 10
members of the Association of Southeast Asian Nations (ASEAN) as of 2006
according to the agreement on the 皇冠体育app-ASEAN free trade area.
Similar preferential import tariffs will also be available for products from
Pakistan and Hong Kong and Macao according to related arrangements.
皇冠体育app will also impose even lower tariffs on products originating from about
30 least developing countries, such as Cambodia, Myanmar, Laos, Bangladesh and
Sudan.
The 15 kinds of fresh fruit produced in Taiwan will continue to enjoy zero
tariff rates, said the statement.
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