In its latest move to promote higher-level opening up, China has adjusted its tariff plan for 2023.
Besides changes on the import and export tariffs of some commodities, the adjustments also involve addition of some new tariff items, such as surgical robots and vegetable seeds, so as to better adapt to industrial development and sci-tech advancements.
After the adjustment, there are a total of 8,948 tariff items, according to a statement released by the Customs Tariff Commission of the State Council.
Starting from January 1 this year, 1,020 items are granted provisional import tariff rates, which will be lower than the most-favored-nation tariff rate.
Zero tariffs will apply to some raw materials for anti -cancer drugs, anti-COVID-19 drugs, and anti-cancer pain relief drugs, so as to protect people's health and reduce the economic burden on patients.
Meanwhile, items such as potash fertilizer and unwrought cobalt will also have zero tariffs, in order to improve the resilience of industrial and supply chains.
In response to consumption upgrading trends, tariffs on items such as homogenized mixed food, frozen blue cod, and other food for infants, as well as small household appliances such as coffee machines, juicers, and hair dryers, will be lowered.
Tariffs on items, such as lithium niobate, electronic ink screens, and iridium oxide for fuel cells, will also be lowered, so as to promote the innovative development of advanced manufacturing, and to accelerate industrial transformation.
Of particular note is that starting from July 1, China will implement the eighth step of the most-favored-nation tariff rates reduction on 62 IT products.
After the adjustment, China's overall tariff level will be reduced from 7.4 percent to 7.3 percent, demonstrating the country's commitment to higher-level opening up, said the statement.