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From December 1st, my country will give zero-tariff treatment to imported products from these 10 countries.

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  • Time of issue:2022-11-14
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From December 1st, my country will give zero-tariff treatment to imported products from these 10 countries.

(Summary description)According to the news from the website of the Ministry of Finance on November 9, 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' Products" (Tax Commission Announcement No. The government exchanged letters stipulating that starting from December 1, 2022, the products originating in Afghanistan, the Republic of Benin, Burkina Faso, the Republic of Guinea-Bissau, the Kingdom of Lesotho, the Republic of Malawi, Sao Tome and Principe The preferential tax rate of zero is applicable to imported products of 98% of the tax items of 10 least developed countries, including the Democratic Republic of the Republic of Tanzania Republic of Uganda and the Republic of Zambia. 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.

  • Origin:
  • Time of issue:2022-11-14 17:11
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Information

According to the news from the website of the Ministry of Finance on November 9, 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' Products" (Tax Commission Announcement No. The government exchanged letters stipulating that starting from December 1, 2022, the products originating in Afghanistan, the Republic of Benin, Burkina Faso, the Republic of Guinea-Bissau, the Kingdom of Lesotho, the Republic of Malawi, Sao Tome and Principe The preferential tax rate of zero is applicable to imported products of 98% of the tax items of 10 least developed countries, including the Democratic Republic of the Republic of Tanzania Republic of Uganda and the Republic of Zambia. 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 November 29, 2021, President Xi Jinping announced at the opening ceremony of the 8th Ministerial Conference of the Forum on China-Africa Cooperation to further expand the scope of products exported to China by the least developed countries that have established diplomatic relations with China. On December 13, 2021, the Customs Tariff Commission of the State Council issued the Tax Commission Announcement No. 8 of 2021. For 98% of the tax items originating in the least developed countries, a preferential tax rate of zero is applicable. The applicable country and implementation time are based on The progress of the exchange of letters will be announced separately.

my country's zero-tariff treatment for 98% of taxable products from 10 countries including Afghanistan is conducive to implementing a mutually beneficial and win-win opening strategy, promoting the construction of an open world economy, and supporting and helping the least developed countries to accelerate their development. 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.

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