[Hs code] Import & Export Tariff Regulation Will Adjust Next Year

According to Ministry of Finance, with the approvement of the State Council, the import and export tariff regulations in China will adjust on January 1,2009. After the adjustment, the total number of import & export tariff regulations and tax items will increas from 7758 in 2008 to 7868 in 2009. To some extend, China has made good on the promise of lowing tax as a member of WTO except that five commodities such as fresh strawberry are still undergonging 1 years' lowering tax prepartion period. Tariffs general level of China has decreased from 15.3% to 9.8% at present with the average tax rate of agricultural products and industrial products of 15.2% and 8.9% respectively.