China Cuts Tariffs on Imported Consumer Goods: Baby Food and Wine Subject to Significant Reductions

According to an announcement released by Ministry of Finance on November 22, 2017, China is to cut import tariffs on 187 consumer products, with an average decrease of roughly 10% (17.3% to 7.7%). The new policy will take effect on December 1, 2017. Altogether 33 food items will be subject to new favorable tariffs, including cheese, special infant formula, wine, other retailed-packaged food for infant and young child, and etc.

The import tariff on 4 types of special infant formula reduce from 20% to 0. This reduction applies to partially-hydrolyzed lactoprotein formulae, extensively-hydrolyzed lactoprotein formulae, amino acid-based formulae, and lactose free formulae. Compound wine decreased from 65% to 14%. There is also a significant decrease in tariffs for other packaged foods for infants and young children reducing from 15% to 2%.

Following table details the tariff drops on 33 kinds of food

Please click here for the table of the latest import tariff