China's tax reduction promises to be cashed next year

Next year China's total tariff level of 9.8% New Express News Ministry of Finance announced yesterday, starting from January 1 next year, China will further adjust import and export tariff, mainly related to MFN rates, the annual provisional tax rate, the agreement rate, preferential tax rates and tariff items and so on. After adjustment, the total tariff level of our country is 9.8%. Among them, the uniform tax rate of agricultural products is 15.2%, and the industrial product uniform tax rate is 8.9%.　　At this point, China's accession to the World Trade Organization (WTO) to reduce the tax commitment has been fully fulfilled. Nine years to reduce the 5.5% Ministry of Finance officials said yesterday that the tariff adjustment due to lower taxes related to small goods, lower tax rates, the general level of the impact of the total tariff. The total tariff level for 2010 was the same as in 2009, still 9.8%.　　After reducing the import tariffs of 6 items such as fresh strawberries in 2010, the duty concession obligations of China's accession to the WTO have all been fulfilled. It is understood that in addition to reducing the import tariff of 6 items, the tariff policy of next year has not changed much, including 7 kinds of agricultural products such as wheat and maize, and 3 kinds of fertilizers, such as urea, compound fertilizer and ammonium dihydrogen phosphate, will be governed by tariff quota. A certain amount of cotton is imported into the tariff quota and the tariff rate of 55 products such as frozen chickens remain unchanged; Continue to implement a lower annual import provisional tax rate for more than 600 products, including energy products, important raw materials, key components, advanced industrial and agricultural equipment and some household necessities, and so on, in addition, the "two high-level" products exports will continue to levy export tariffs,　　Some fertilizers impose special export tariffs.　　　　According to first, China's accession to the WTO on December 11, 2001, since 2002 to reduce import tariffs, the total tariff level from 15.3% to the current 9.8%, the agricultural uniform tax rate from 18.8% to the current 15.2%, industrial goods uniform tax rate from 14.7% to the current 8.9%. Future policies should be more flexible "China has been reducing tariff levels since its accession to the WTO, and will fulfill all commitments by next year, and some industries will be impacted in this process." But this is a big country should have to play, also embodies the credit of China to fulfill its promise.　　Professor Liu Jisen, director of the World Economic Research Institute, Guangdong University of Foreign languages and foreign trade, said that in the future China will not violate the WTO principles, should be more flexible, more in accordance with market demand from macro-control perspective to formulate policies. It is understood that in fact, China's total tariff level in the world in the middle of the low level, to agricultural products, the world uniform level is 62%, while China's uniform tax rate of 15.2%, the highest is only 65%. Some experts pointed out that some developed countries in the world have their own agricultural protection measures, Japan even has thousands of tariffs.　　While China has been lowering taxes, it has suffered the most "double counter" investigations and trade frictions, so low tariffs are not necessarily the "treasures" of peaceful coexistence in international trade. Liu Jisen also said that obedient can not solve the problem, after the implementation of the WTO commitments, the West developedThe country may also come out with new trade barriers, and China should defend its core interests in a tougher stance. Major events in 2002, the total tariff level from 2001 to 15.3% reduced to 12%, is to reduce taxes after the accession to the most commodities, the largest tax reduction of the year; In 2005, tax reduction involved more than 900 commodities, and the total tariff level was reduced from 10.4% in 2004 to 9.9%, Is our country fulfills the obligation the last large-scale reduction tax; In 2006, the tax rate of vehicle and its components in China was reduced to 25% and 10%, and the duty to reduce duty of automobile and its parts was completed. 2010, reducing the import tariff of 6 items, such as fresh strawberries, China's accession to the World Trade Organization commitments to the duty reduction obligations have been fulfilled.