New Regulations on Import and Export Tariff Favors Hunan's Agricultural Development

According to the revised Regulations on Import and Export Tariff of the PRC (RIET) in 2011, only a limited number of imported goods will enjoy a lower tariff rate by a small margin, reporters learnt from the Changsha Customs on Jan. 13. The RIET exerts no obvious influence on the general tariff level and Hunan's import and export trade and overall economy, yet it has a positive impact on the agricultural production, emerging market exploration, building of the "Two-oriented Society" (a resource-conserving and environmentally-friendly society) and other sectors of the province.

In order to ease the upward trend of prices, the RIET this year continues to strictly control the export. Therefore, the price of chemical fertilizer in the international market makes no significant difference to the domestic price and the supply in domestic market can be guaranteed.

Obviously, the regulations will effectively protect the agricultural production in Hunan, which is a province famous for its farming production.

Meanwhile, from 2011 on, conventional tariff will be imposed on more than 500 commodity items in Taiwan, and some products from 41 least-developed countries will still enjoy preferential tariff. All these policies are conducive to Hunan in exploring new market.

In addition, export tariff will be imposed by a temporary rate on the resource-related products featured with heavy energy consumption and heavy pollution this year, which will be conducive to the "Two-oriented Society" building in the province.

Source: http://www.enghunan.gov.cn/