China will cut import tariffs on refined oil and other commodities

The Ministry of Finance issued the news on the 24th and was reviewed by the State Council's Customs Tariff Committee and reported to the State Council for approval. Since July 1, 2011, China will substantially reduce import tariffs on gasoline, diesel, aviation kerosene, and fuel oil, including diesel and aviation kerosene. Zero tariff import.

In addition, this time, it also lowered tents, inflatable mattresses, life jackets, gas masks, radar life detectors and other disaster relief items, blended fabrics, linen yarns and other textile raw materials, zinc ingots, nickel scrap and other non-ferrous metal materials, and photochromic mirrors and other daily necessities. Import duties.

According to reports, this tax reduction involves a total of 33 items of tax items, mainly energy and raw materials. This is a further reduction in taxes on the basis of the introduction of a tentative tariff for imports of more than 600 commodities at the beginning of this year. Measures.

The Ministry of Finance stated that the purpose of this reduction is to further expand imports of advanced technology equipment, key spare parts and energy raw materials, promote the balance of foreign trade, ensure the stable operation of the domestic economy, and strengthen the construction of domestic disaster relief and emergency material reserve systems.