Since Junly.1, 2006, the products in 24 tax items including fuel, camphor grease, jasmine oil etc. It is known that inland and Macao will arrange 4th products with more favored tariff rate with more tight trade relationship. There are more commodities with zero tariffs.
Reporters know from National Treasury department that since June.1, China will further to adjust import tariff and implement associate agreement tax rate, preferential tariff rate. The commodity involved reach over 3217category.
It is known that according to associate agreement of China-Asean, China will decrease tax of 2838 tax items commodities produced in Philippine, decreased by about 5%. In the meanwhile, to promote international cooperation and development, help developing countries, especially most underdevelopment countries including Angola,Yemen, Maldives etc speed to develop, China pose zero custom on part commodity as well as 4th batch commodity cognized by Form A and produced in HongKong & Macao according to the supplement agreement for building tighter trade relationship.
The expert said that there are varieties products be adjusted tariff, including energy sources, material, textile etc. At present, it can be seen that the adjustment of tariff for product imported from Philippine can make definite affect on relevant inland industries.
