China Reduces Tariffs for FSMP Products in 2024

On December 21, 2023, the Ministry of Finance (MOF) of China unveiled Tariff Adjustment Plan for 2024, involving several changes in the import and export tariffs of certain products. The changes will take effect on January 1, 2024.

According to the plan, 1,010 commodities will be subject to temporary import tariffs below the most-favored-nation (MFN) tax rate. In particular, the authority will reduce import tariffs on some FSMP products. Details are shown below.

Introduction of FSMP products

FSMP products can meet the specific nutritional needs and dietary requirements of individuals who suffer from restricted eating, digestive disorders, impaired nutrient absorption, metabolic disorders, and/or specific medical conditions. These products are beneficial for ensuring the health and physical recovery of these special populations.

In 2023, China implemented several regulatory changes pertaining to FSMP products, particularly the amendment to the Administrative Measures for FSMP Registration. China has introduced several favorable policies aimed at supporting FSMP products, such as streamlined approval processes and encouragement of enterprise innovation. These significant advantages have had a profound positive impact on the development of China's FSMP industry.

Regulatory Updates for FSMP in 2023

• China Revises Administrative Measures for FSMP Registration

• China Prioritizes Review and Approval for FSMP for Rare Diseases

• China Solicits Feedback on Clinical Trial Quality Management Standard for FSMP

• China Consults on Administrative Measures for Health Food, FSMP, Drug and Medical Device Advertising

• China to Revise GB 25596 General Rules of Infant Formula for Special Medical Purposes

Recommended Reading

• Unveiling Market Prospects and Import Guidelines for Food for Special Medical Purposes in China