China: China Lowers Applied MFN Tariff Rates and Revises Out of Quota TRQ Rates
On December 23, 2020, the State Council Tariff Commission (SCTC) announced its annual tariff adjustment plan that sets tentative import and export tariff rates for select tariff lines in 2021. In this announcement, China lowered the tentative tariff rates for certain dairy products, certain wood products and made changes to the calculation for out-of-quota cotton tariff rates. The tentative tariff rates are applicable to tariff lines from all exporting countries. This report contains an unofficial translation of the SCTC notice and the list of agriculture-related tariff lines subject to tentative applied MFN tariff rate changes in 2021.
China: China Lowers Applied MFN Tariff Rates and Revises Out of Quota TRQ Rates
