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Import Expansion Will Enter Into A Intensive Policy Dividend Period, and Food & Drug and Other Tariffs Are Expected to Decrease

Pubtime:2018-06-04Author:Source: Hits:

The reporter learned that the Ministry of Commerce and other relevant departments are actively exploring the policies and measures to expand import, and the relevant policies of import expansion are expected to be intensively released. In addition to massively concerned automobile import tariffs reduction on the aspect of commodity import tariffs reduction, import tariffs of partial food, drugs and medical devices are expected to further reduce.
   The government work report of this year made clear the positive expansion of import, further released positive signals for positive import expansion on the Boao Forum for Asia. It is clearly that the government will reduce the automobile import tariffs considerably, as well as the import tariffs on some other products, to strive to increase the import of unique advantageous products bearing relatively concentrated focus of the people and accelerate the progress of accession to the Agreement on Government Procurement of WTO.
   After that, the zero tariff of anti-cancer drugs fired the first shot for import expansion this year. Since May 1st this year, China has abolished the import tariffs on 28 drugs including anti-cancer drugs, while encouraging the import of innovative drugs. As evaluated by the experts in the industry, in comprehensive consideration of measures including import zero tariffs, lower VAT, centralized government procurement and other measures, the import of anti-cancer drugs is expected to reduce at least 20% of the prices.
   “At present, the Ministry of Commerce is working with relevant departments to actively explore the policies and measures of import expansion.” said Gao Feng, spokesman of the Ministry of Commerce. The government will further reduce the overall tax rate level of imported commodities, and the import tariffs of automobile and some of daily consumer goods, try to increase the import of unique advantageous products bearing concentrated relatively demands of the people, introduce relevant measures for trade facilitation, and make efforts to hold the first China International Import Fair.
    “Currently, the import expansion under the background of the opening-up of China is a more proactive and independent import expansion. The key to import expansion is beneficial to meet the growing demand of consumers. Two is to boost the high quality development in order to coordinate the transformation and upgrading of the economy of China.” said the industrial expert to the reporter.