10 imported goods that will become cheaper

The Ministry of Finance announced on Friday cuts in import tariffs on some consumer products starting from December.

The reduction of import tariffs will affect 187 tariff codes, including on food, health supplements, pharmaceuticals, garments and recreational products, and the average rate will drop to 7.7 percent from 17.3 percent, according to the ministry.

Let’s take a look at some of the products that will enjoy reduced tariffs.

Seafood

The import tariffs for frozen Atlantic salmon and huchen will be reduced from 10 percent to 5 percent. Tariffs for live,fresh or chilled rock shrimp and lobsters will be cut from 15 percent to 5 percent.

10 imported goods that will become cheaper

Customers pick seafood at a shopping festival for imported commodities in Kunming, Southwest China’s Yunnan province, Aug 13, 2016. [Photo/VCG]

Cheese

Tariffs for imported grinded, powdered or processed cheese will be lowered from 12 percent to 8 percent.

10 imported goods that will become cheaper

Individually wrapped triangles of Viola processed cheese move through a machine on the production line at the Valio Oy dairy plant in Yershovo, Russia, Dec 8, 2015. [Photo/VCG]

Nuts

Tariffs for imported dry coconuts will be reduced from 12 percent to 7 percent. Tariffs for fresh or dry unpeeled Brazil nuts will decrease from 10 percent to 7 percent. Tariffs for fresh or dry unpeeled cashew will be cut from 20 percent to 7 percent.


Infant formula

The tariffs for milk protein hydrolysed formula, hyamino acid formula, lactose-free special infant formula will be cut from 20 percent to zero.

Whisky

The tariffs for Whisky will decrease from 10 percent to 5 percent.

10 imported goods that will become cheaper

A bottle of Bulleit bourbon whiskey is seen at the Spirit de Milan cafe in Milan, Italy, Oct 13, 2017. [Photo/VCG]


Cosmetics

The tariffs for lip and eye make-up preparations will be reduced from 10 percent to 5 percent. Tariffs for nail cosmetics will be down from 15 percent to 5 percent. Tariffs for shampoo will be cut from 6.5 percent to 2 percent.

10 imported goods that will become cheaper

Customers try imported cosmetics at a shopping center in Nanjing, Jiangsu province, May 28, 2016. [Photo/VCG]


Toothbrushes

Tariffs for toothbrushes will fall from 25 percent to 8 percent.

Clothes

The tariffs for imported wool knitted or crocheted coats and wind jackets will be cut from 25 percent to 10 percent. The tariffs for cashmere knitted or crocheted pullover will be reduced from 14 percent to 5 percent.

10 imported goods that will become cheaper

Women’s clothes on display at The Malls at Oriental Plaza in Beijing Oct 31, 2017. [Photo/VCG]

Intelligent toilet seats

The tariffs for imported electronic intelligent toilet seats will be reduced from 32 percent to 10 percent.

Disposable diapers

The tariffs for disposable diapers will be cut from 7.5 percent to zero.

Source: China Daily

 

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