On the 28th, the Tariff Commission of the State Council issued an announcement announcing the "2025 Tariff Adjustment Plan." Starting from January 1, 2025, the import tariff rates and tax items of some commodities will be adjusted.

According to the announcement, provisional import tax rates lower than the most-favored nation tax rate will be implemented for 935 commodities in 2025. Specifically:

●In order to support the development of new productivity led by technological innovation, reduce the use of automatic transmissions in special-purpose vehicles such as cyclic olefin polymers, ethylene-vinyl alcohol copolymers, fire trucks and emergency repair vehicles, etc. import duties.

●In order to protect and improve people's livelihood, import tariffs on sodium zirconium cyclosilicate, viral vectors for CAR-T tumor therapy, and nickel-titanium alloy wire for surgical implants, etc., will be reduced.

●In order to promote green and low-carbon development, import tariffs on ethane and partially recycled copper and aluminum raw materials will be reduced.

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Deputy Director of Information and Marketing Department of China Petroleum and Chemical Industry Federation Fan Min: Relatively speaking, there are still shortages of several key varieties in China, and the domestic industry is still in urgent need of them. The new tentative tax rate is equivalent to reducing the cost of imports. On the one hand, it is conducive to the application of green process technology, and on the other hand, it is also conducive to guiding the development and growth of downstream high-performance and high-tech products.

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This adjustment is the first annual tariff adjustment plan after the implementation of the Tariff Law, which reflects the legal principle of taxation.

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Director of the Institute of World Economics and Politics, Chinese Academy of Social Sciences Gao Lingyun: The tariff law has taken effect on December 1, 2024. This tariff adjustment fully reflects some of the legislative principles set by this tariff law, including some of the spirit reflected in some legal provisions.

The overall tariff level of 7.3% remains unchanged

In the tariff adjustment plan announced this time, the reporter noticed that the import tariffs on some goods have increased . Experts said that increases and decreases are adjustments based on actual development conditions.

The plan proposes to increase import tariffs on some commodities such as syrup, sugary premix powder, vinyl chloride, and battery separators within the scope of my country’s commitments to join the World Trade Organization based on domestic industrial development and changes in supply and demand.

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Director of the Institute of World Economics and Politics, Chinese Academy of Social Sciences Gao Lingyun: According to the development situation, there are some products that we can now produce. In this case, we have adjusted the tentative tax rate. For these products, some of us have canceled the tentative tax rate, and some have increased it. tentative tax rate. Whether the treatment is improved or not higher than that of the most-favored nation, that is, our operation is still carried out within the rules of the WTO. The advantage of this approach is that it can achieve an interaction with a high level of openness and high-quality development.

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According to the adjustment plan, my country’s overall tariff level remains at 7.3%, which is at a low level in the world.

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Deputy Dean of Tsinghua University School of Public Policy and Management Gao Yuning: This fully shows that in the current turbulent international economic environment, China, as a responsible and responsible trading country, actively acts as a "stabilizer" to stabilize global tariff levels.

The agreed tax rate will be implemented on some commodities in 2025

According to the 2025 tariff adjustment plan, the agreed tax rate will be implemented on some commodities starting next year. According to the plan, in order to expand the global network of high-standard free trade zones, agreement tax rates will be implemented on some imported goods originating in 34 countries or regions under 24 free trade agreements and preferential trade arrangements in 2025.

Among them, the China-Maldives Free Trade Agreement will take effect on January 1, 2025 and implement tax reductions. After the final tax reduction is completed in the future, nearly 96% of the tax items of both parties will achieve zero tariffs.

Zero tariff treatment for products from least developed countries in 2025

In addition to the agreed tax rates, the plan also stipulates that in 2025, my country will Products from least developed countries are subject to zero tariffs.

According to the plan, in order to help the development of the least developed countries and achieve mutual benefit and win-win results, 43 least developed countries that have diplomatic relations with China will continue to be granted zero-tariff treatment for 100% of tax items in 2025.

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Deputy Dean of Tsinghua University School of Public Policy and Management Gao Yuning: This enables these least developed economies to effectively share China’s unified domestic market through zero-tariff measures. The dividends brought by its development and growth have enabled most countries in the Global South to actively and effectively enter the market with China as the leader. The center's trade network enables everyone to jointly promote prosperity and progress and jointly build a community with a shared future for mankind.

At the same time, according to the plan, in 2025, we will continue to implement preferential tax rates on some imported goods originating in Bangladesh, Laos, Cambodia, and Myanmar in accordance with the Asia-Pacific Trade Agreement and the exchange of letters agreement between China and relevant ASEAN member states.

(CCTV reporters Zhu Jihua, Tian Qiyong, Du Leiming, Xinjiang Station, Horgos Station)