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In 2015, it continued to implement tariff quota management on imports of seven kinds of agricultural products such as wheat and three kinds of fertilizers such as urea, and implemented a temporary quota tax rate of 1% for three kinds of chemical fertilizers such as urea. A certain amount of cotton is added to the import of tariffs to continue the implementation of the sliding tax, and the tax rate remains unchanged.
In 2015, China continued to impose export tariffs on products such as coal, crude oil, fertilizers, and ferroalloys in the form of tentative tax rates. According to the changes in the supply and demand situation of domestic fertilizers and coal, the export tariffs on fertilizers should be appropriately adjusted, and the uniform annual export tariff rates on nitrogen fertilizers and phosphate fertilizers should be implemented to appropriately reduce the export tariff rates on coal products.
In 2015, based on free trade agreements or tariff preference agreements signed between China and the relevant countries or regions, it continues to be native to ASEAN countries, Chile, Pakistan, New Zealand, Peru, Costa Rica, South Korea, India, Sri Lanka, Bangladesh, Switzerland, and Iceland. Some of the imported products implement the agreed tax rate, and some of the tax rates are further reduced. Under the framework of the Mainland's Closer Economic Partnership Arrangement with Hong Kong and Macau, zero tariffs will be imposed on products originating in Hong Kong and Macau that have already established preferential origin standards. According to the cross-strait economic cooperation framework agreement, zero tariffs are applied to some products originating in Taiwan. Preferential tax rates have been applied to certain commodities originating in 41 countries including Ethiopia, Yemen, and Sudan, including a zero-tariff rate for 97% of the taxable goods in 24 countries such as Ethiopia.
In 2015, China will implement the first-ever import tax rate for imports and further reduce the tax rate. The products include equipment and parts required for advanced manufacturing such as lasers for optical communications and fully automatic copper wire welding machines; electronically controlled brakes for electric vehicles are beneficial to energy conservation. Environmental protection equipment for emission reduction; energy and resource products for domestic production such as ethylene, nickel-iron, etc.; drugs such as lipid-lowering bulk drugs, macadamia nuts, camera lenses, and consumer goods for daily use. At the same time, overall consideration will be given to industries, technological developments, and market conditions. The temporary import tax rates for commodities such as refrigeration compressors, car radios, and ink jet printers will no longer be imposed, and the provisional tax rate for commodities such as natural rubber will be appropriately raised.