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#China will adjust import tariffs on a range of products starting Jan. 1, 2021. Provisional import tariffs that are lower than the most-favored-nation (MFN) rates will be levied on 883 commodities, including some anti-cancer drugs and raw materials for infant formulas.
Further tariff reduction will be made under the free trade agreements China has separately signed with countries including NewZealand, Peru, Costa Rica, Switzerland, Iceland, Pakistan, Chile, Australia, the Republic of Korea, Georgia, as well as the Asia-Pacific Trade Agreement.
In 2021, China will continue to apply preferential tariff rates to goods from the 43 least developed countries that have established diplomatic ties and completed the exchange of notes on the establishment of diplomatic relations with China.
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