CommoPlast

China to cut import duties rates for imports from five Asia countries

China to cut import duties rates for imports from five Asia countries



The Chinese government on 26 June 2018 announced that it would reduce import duties on soybean from India, South Korea, Bangladesh, Laos, and Sri Lanka from the current rate of 3 per cent to zero starting 1 July 2018. The authorities said this is in line with the Second Amendment of the Asia-Pacific Trade Agreement.

Also import chemicals, agricultural products, medical supplies, clothing, steel and aluminium products from these five countries will also enjoy certain tariff reductions.

For petrochemical products, import tariff on LDPE, HDPE, PP block copolymer, and random copolymer will be reduced from 6.5 per cent to 6 per cent. Meanwhile, the rate for metallocene PE, and non-commodity grade polyolefin elastomer & polyolefin plastomer is cut from 6.5 per cent to 4.2 per cent. 

HS code

Description 

Current Tariffs

New Tariffs 1 July 2018 

39011000

Polyethylene having a specific gravity of less than 0.94

6.5

6

39012000

Polyethylene having a specific gravity of 0.94 or more

6.5

6

39013000

Ethylene vinyl acetate copolymers, in primary forms

6.5

6

39014090

Other ethylene alpha-olefin copolymers with a specific gravity of less than 0.94

6.5

4.2

39019090

Other polymers of ethylene, in primary forms

6.5

4.2

39023010

Ethylene-propylene copolymers (propylene monomer unit by weight is over ethylene monomer unit), in primary forms

6.5

6

39023090

Other propylene copolymers, in primary forms

6.5

6

39031100

Polystyrene, expansible, in primary forms

6.5

6

39031910

Polystyrene, modified, un-expansible, in primary forms

6.5

6

39031990

Polystyrene, modified, un-expansible, in primary forms

6.5

6

39033010

Acrylonitrile butadiene styrene (ABS), modified

6.5

6

39033090

Acrylonitrile butadiene styrene (ABS)

6.5

6

39039000

Other polymers of styrene, in primary forms

6.5

6

39041010

Poly (vinyl chloride) paste resin, not mixed with any other substances

6.5

4.2

39041090

Pure PVC powder; other primary forms pure PVC

6.5

4.2

39043000

Vinyl chloride-vinyl acetate copolymers, in primary forms

9

8.6

39044000

Other vinyl chloride copolymers, in primary forms

 

12

7.8