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Announcement issued by the Customs Tariff Commission of the State Council
The Customs Tariff Commission of the State Council issued an announcement decision, in accordance with the 'Announcement of the Customs Tariff Commission of the State Council on Giving Zero Tariff Treatment to 98% of Least Developed Countries' Tax Item Products' (Tax Commission Announcement No. According to the regulations, starting from September 1, 2022, the products originating in the Republic of Togo, the Republic of Eritrea, the Republic of Kiribati, the Republic of Djibouti, the Republic of Guinea, the Kingdom of Cambodia, the Lao People’s Democratic Republic, the Republic of Rwanda, the People’s Republic of Bangladesh, the Republic of Mozambique, and Nepal The preferential tax rate of zero is applicable to imported products of 98% of the tax items of 16 least developed countries, including the Republic of Sudan, the Solomon Islands, the Republic of Vanuatu, the Republic of Chad and the Central African Republic.
Among them, 98% of the tax items are the tax items with a tax rate of 0 in the annex of the Tax Commission’s Announcement No. 8 of 2021, a total of 8,786.
On December 13, 2021, the Customs Tariff Commission of the State Council issued the Tariff Commission Announcement No. 8 of 2021. For 98% of the tax items originating in the least developed countries, the preferential tax rate of zero is applicable, and the applicable country and implementation time are based on The progress of the exchange of letters will be announced separately.There are a total of 8,786 tax items with a zero tax rate in the Annex of the Tax Commission’s Announcement of Document No. 8 of 2021.
Significance of the Announcement
The 'Announcement of the Customs Tariff Commission of the State Council on Giving Zero-Tariff Treatment to 98% of Least Developed Countries' Tax Item Products' was put forward on the occasion of the 65th anniversary of the opening of diplomatic relations between China and Africa.Over the past 65 years, China and Africa have forged an unbreakable brotherhood in the struggle against imperialism and colonialism, embarked on a distinctive path of cooperation on the journey of development and rejuvenation, and written a wonderful chapter of mutual help in the midst of complicated changes. It has set a shining example for building a new type of international relations.
The 'Announcement' aims to realize the four propositions put forward by General Secretary Xi Jinping on building a China-Africa community with a shared future in the new era.
First, adhere to the unity and fight against the epidemic.We must uphold the supremacy of the people and the supremacy of life, carry forward the scientific spirit, support the exemption of vaccine intellectual property rights, effectively ensure the accessibility and affordability of vaccines in Africa, and bridge the 'immunization gap'.
Second, deepen practical cooperation.It is necessary to expand the scale of trade and investment, share experience in poverty reduction and alleviation, strengthen cooperation in the digital economy, and promote the development of youth entrepreneurship and small and medium-sized enterprises in Africa.African countries are welcome to actively support and participate in global development initiatives.
Third, promote green development.It is necessary to advocate the concept of green and low-carbon, actively develop renewable energy such as solar energy and wind energy, promote the effective implementation of the Paris Agreement on climate change, and continuously enhance the ability of sustainable development.
Fourth, uphold fairness and justice.The world needs true multilateralism.Peace, development, fairness, justice, democracy and freedom are the common values of all mankind and the common goals pursued by both China and Africa.We all advocate a development path that suits our own national conditions, are committed to safeguarding the rights and interests of developing countries, and oppose interference in internal affairs, racial discrimination, and unilateral sanctions.We must confidently uphold the just claims of developing countries, and translate our common aspirations and common interests into common actions.
my country's zero-tariff treatment for 98% of the taxable products of 16 countries including Togo is conducive to practicing the spirit of friendly cooperation between China and Africa, sharing market opportunities with these countries, achieving common development, and promoting the construction of a community of shared future for mankind.In the future, my country will continue to gradually grant zero-tariff treatment to 98% of the tax items of all least developed countries that have established diplomatic relations with my country based on the progress of the exchange of letters.
'Preferential Tax Rate Table for Products with 98% Tax Items' download website:
http://www.gov.cn/zhengce/zhengceku/2021-12/15/content_5660950.htm
Enterprises and individuals engaged in related trade
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The implementation of policies in our province is favorable
From January to July this year, our province imported 284.7969 million yuan of goods from the above-mentioned 16 countries, mainly zinc concentrates, chemicals, rubber products, other sulfonamides, and aquatic products.
Case number one
Taking the chemical products and preparations of the chemical industry and related industries (HS code: 38249999) imported from Bangladesh with a value of 37.2413 million yuan in our province as an example, the most-favored-nation tax rate for this product is 6.5%. Using the above policies, you can directly enjoy The tariff reduction was 2.42 million yuan.my country and Bangladesh are each other's contracting parties under the 'Asia-Pacific Trade Agreement'. If the agreement is used, only 850,000 yuan can be reduced.
case two
Our province imported 'unground dried chili' (HS code: 09042100) from Rwanda for 270,800 yuan. The most-favored-nation tax rate for this product is 20%. The above policy can reduce tariffs for enterprises by 54,200 yuan.
This article is reproduced from Changsha Customs
