ANNOUNCED AS TEMPORARYNo
In the December 2011 announcement from the PRC State Tariff Commission, eight import tariffs were raised. Four of these were removed or changed at the end of the year; the rest were renewed at least one further year.
In addition, the threshold of dutiable value for cotton imports to be subject to the sliding-scale duty was raised from USD 1.79 to 2.19/kg (CNY 11.397 to 14.000).
Imports at less than this dutiable value will be taxed according to the cotton sliding duty formula. The effect of this is that cotton priced at between USD 1.79 and 2.19/kg will incur a higher tariff on import, the exact amount depending on the formula.
Imports with a dutiable value of over USD 2.19/kg will be taxed at a flat rate of USD 0.089/kg.
The change is aimed at increasing the cost of importing cheap cotton, to stimulate the domestic mass-produced cotton market in China.
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