China will appropriately lower import tariffs on chemical fertilizers next year

From January 1, 2009, China will further adjust the import and export tariffs and will implement a series of more preferential tariff measures to expand foreign economic and trade cooperation with relevant countries and regions. This mainly involves the MFN tax rate, the annual provisional tax rate, the agreed tax rate, the preferential tax rate, and the tariff line.
The relevant person in charge of the Ministry of Finance said yesterday that after the tax cut, except for the one-year tax reduction implementation period for five kinds of fresh strawberries and other commodities, China has basically fulfilled its tax reduction pledge to join the WTO, and the total tariff level is added. At the time of the WTO, 15.3% fell to the current 9.8%.
Next year, we will reduce import tariffs on five kinds of commodities Next year, China will continue to fulfill its tariff reduction promises to join the World Trade Organization and further reduce the import tariffs on five kinds of commodities such as fresh strawberries; continue to wheat, corn, rice and rice, sugar, wool, wool tops, 7 kinds of agricultural products such as cotton and 3 kinds of chemical fertilizers such as urea, compound fertilizer, and diammonium hydrogen phosphate are subject to tariff quota management, among which, a certain amount of cotton is added for tariffs and tariffs are continued to be applied, and the tax rate remains unchanged; for urea, compounding Fertilizer and diammonium phosphate continued to implement a 1% provisional quota tax rate. After adjustment, the average tax rate for agricultural products in China was 15.2%, and the average tax rate for industrial products was 8.9%.
Next year, China will implement a lower import tariff for more than 670 kinds of commodities, and continue to implement the selection tax on imported natural rubber.
The relevant person in charge of the Ministry of Finance stated that in order to maintain the stable development of foreign trade, it is necessary to expand bilateral and multilateral economic and trade cooperation and promote regional economic development. In 2009, based on a series of free trade agreements and tariff preference agreements signed with relevant countries and regions in the past, China will further implement treaty tax rates and preferential tax rates that are more preferential than MFN tax rates.
Continuing to abolish partial steel export tariffs In implementing the proactive fiscal policy, next year a lower provisional tariff rate on imports of agricultural production materials, agricultural machinery and equipment and parts and components will be implemented. The cancellation of the provisional tax rate for imports of soybean cakes, pork, and oyster sauce will be restored to the most favored nation tax rate. At the same time, it continues to impose seasonal export tariffs on fertilizer exports and continues to impose special export tariffs on certain fertilizers and their raw materials such as compound fertilizers.
The provisional tariff rate for imports of certain key equipment and components that are temporarily unable to produce or whose technical and technical performance indicators cannot meet the needs, and which are conducive to the introduction, promotion, and application of new technologies, will be implemented.
To ease the operational difficulties faced by the textile, steel, and fertilizer industries, China will appropriately lower import tariffs for some of its domestically-grown productive raw materials in 2009, and continue to implement the cancellation of some steel export tariffs and adjustments as of December 1, 2008. Urea and other fertilizers export seasonal tariff policies, while reducing the part of fertilizers and their raw materials, special export tariff rates.
In addition, the state has adjusted some of the tax items in the import and export tariffs. The total number of import and export taxes in 2009 in China has increased from 7,758 in 2008 to 7,868.

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