China’s 2022 Tariff Policy
The Customs Tariff Commission ("CTC") of the State Council has recently issued the Circular on the 2022 Tariff Adjustment Plan (the "Circular"). According to the Circular, starting from January 1, 2022, China will implement provisional tariff rates lower than the most-favored-nation tariff rates on 954 commodities.
The adjustments proposed in the Circular are mainly based on the following considerations:
implementing zero tariffs on radium chloride injection, the new anti-cancer drug, to reduce the economic burden of the patients;
reducing import tariffs on some consumer goods, including some high-quality aquatic products such as salmon, to meet the people's needs for a better life, and create a sound atmosphere for the Beijing Winter Olympics;
implementing zero tariffs on oil paintings and other artworks that have been produced for more than 100 years, to meet the needs of cultural consumption;
reducing import tariffs on gasoline particular filters that can improve vehicle fuel efficiency and reduce exhaust emissions to raise environmental quality;
reducing import tariffs on key components such as high-purity graphite accessories to help optimize and upgrade the manufacturing industry;
reducing the import tariffs on resource products that are in short supply domestically, such as pyrite and pure potassium chloride.
Source: http://gss.mof.gov.cn/gzdt/zhengcefabu/202112/t20211215_3775137.htm