China to reduce import duties on some commodity product in 2020
China to reduce import duties on some commodity product in 2020
The Chinese government announced that starting 1 January 2020, the country would implement import duties reduction for 850 commodity products with the aim to expand import, stimulate import potential, and optimize the import structure.
Among these commodities, some olefins and polyolefins products that are entitled to the new import duty rates are as following:
|
HS code |
Product Description |
Existing Duties |
New Duties |
|
39011000 |
Polyethylene having a specific gravity of less than .94, in primary forms, import CIF price is more than USD 3800/ton, in primary forms |
6.5% |
3% |
|
39012000 |
Polyethylene having a specific gravity of .94 or more, in primary forms, import CIF price is more than USD 3800/ton, in primary forms |
6.5% |
3% |
|
39021000 |
Polypropylene of electrical grade, in primary forms, containing not more than 3ppm of ash |
6.5% |
3% |
|
29012100 |
Ethylene |
2% |
1% |
|
29012200 |
Propylene |
2% |
1% |
Besides, China would also implement new import duties on certain food items such as frozen pork. Some medications items including alkaloids used to treat asthma and technology items would also enjoy lower tariffs.