China
Latest Adjustments to Import-Export Tariffs in China for 2025
The State Council has announced 2025 import-export tariff adjustments to enhance domestic demand and industrial growth. This includes tariff reductions on medical supplies and green products, increases on certain commodities, and support for technological innovation and sustainable practices.
The State Council has announced new adjustments to the China import-export tariffs for 2025 to expand domestic demand and serve industrial development and technological progress in the coming year.
These adjustments include tariff reduction on certain medical supplies, critical equipment and key parts, and green products, tariff increases on certain commodities based on domestic demands such as syrup and sugar-containing premixes, vinyl chloride, and battery separators, as well as adjustments to tariff items.
China will adjust import and export tariffs on selected goods in 2025 in a bid to expand domestic demand, support high-quality development and opening up, and enhance the synergy between domestic and international markets, the Customs Tariff Commission of the State Council (the ‘Commission’) said on Saturday, December 28, 2024.
Below we take a closer look at the changes introduced in the 2025 Tariff Adjustment Plan.
To promote technological innovation and support the development of new and advanced productive forces, China will reduce import tariffs on key items, including automatic transmissions for special-purpose vehicles, polyolefin polymers, ethylene-vinyl alcohol copolymers, fire trucks, and rescue vehicles.
In alignment with efforts to enhance and improve public well-being, tariff reductions will also be applied to critical medical and healthcare materials such as sodium zirconium cyclosilicate, viral vectors for CAR-T cancer therapy, and nickel-titanium alloy wires for surgical implants.
To foster green and low-carbon development, import tariffs on ethane and certain recycled copper and aluminum materials will be lowered, encouraging sustainable practices and resource efficiency.
| This article was first published by China Briefing , which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in China, Hong Kong, Vietnam, Singapore, and India . Readers may write to info@dezshira.com for more support. |
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