Finance Ministry to Adjust Import Tariff Rates and Optimise Tariff Items to Support Trade
Cheng Zhijun, director of the Ministry of Finance's Department of International Economic Relations, said at a State Council Information Office press conference on August 21 that during the 15th Five-Year Plan period, fiscal authorities will accelerate the establishment of a scientific and efficient modern tariff system to support a higher-level open economy. The ministry will dynamically adjust import provisional tariff rates based on domestic development needs and shifts in international trade conditions, and will independently optimise tariff items to adapt to technological and industrial progress, thereby supporting import and export trade.
At a press conference held by the State Council Information Office on August 21, Cheng Zhijun, director of the Department of International Economic Relations of the Ministry of Finance, stated that during the 15th Five-Year Plan period, fiscal departments will accelerate the establishment of a scientific and efficient modern tariff system to support the building of a new system for a higher-level open economy.
In expanding imports of high-quality global goods, the Ministry of Finance will dynamically adjust import provisional tariff rates in accordance with the needs of domestic high-quality development and changes in the international economic and trade situation, so as to better meet the requirements of domestic production development and the aspirations of the people for a better life.
Meanwhile, to adapt to the needs of technological progress and industrial development, fiscal departments will independently optimise and improve tariff items to support import and export trade.