| A few years back there was a steep increase in | | | | |
| China's imported goods, largely due to the import | | | | The rates of import tariff China are different for |
| tariff policy of China. However, charging high tariffs | | | | different products, components and their evident |
| was not seen as a welcome move and the Chinese | | | | usage. Many a times, foreign exporters face |
| administration was recommended a significant | | | | difficulties with unpredictable custom classification |
| reduction in the same for the betterment of the | | | | application, tariffs and import controls by resident |
| economy. Today, a remarkable global progress has | | | | custom officials. |
| been made in easing the import tariff of China. China | | | | One can calculate China's import tariff rates with the |
| is said to have reduced import tariffs on a few raw | | | | help of a Harmonized System (HS) tariff code. The |
| materials which has helped the revival of China's steel, | | | | creation and administration of these HS codes are |
| fertilizer and textile industries during the economic | | | | done by the World Customs Organization (WCO). |
| slump. | | | | The HS tariff classification method is applicable to |
| | | | | every product entering or crossing a foreign border |
| A significant reduction in China custom tariff was | | | | and has to be declared to customs with a specific HS |
| witnessed after the country's entry into the World | | | | code. |
| Trade Organization (WTO). China has taken several | | | | |
| steps to abide by the WTO trade commitments. | | | | Today China has become more open to foreign |
| Some of these commitments include reducing tariff | | | | products, if looked at from an import perspective. |
| as well as non-tariff barriers and expanding market | | | | Tariffs no longer restrict the number of imported |
| access for its international counterparts while | | | | items into the Country. The new improved import |
| increasing transparency. Having executed several | | | | tariff revisions will go a long way in helping China |
| progressive reforms, exporters still face difficulty in | | | | make the best use of its exports and economic |
| accessing the Chinese market because some of the | | | | growth mode. A remarkable progress is thus seen in |
| non-tariff barriers still exist. China's custom tariffs are | | | | China's import tariff and China custom tariffs which |
| by and large revised every year. Duty prices and | | | | would go a long way in establishing a more closer and |
| tariff items are altered in discharging the policy and | | | | effective trade relations with the other international |
| statistical needs of the government and China's WTO | | | | countries. |
| commitments. | | | | |