ANNOUNCEMENT 09 Apr 2012In April 2012, the government of China announced a change in import duties.
NUMBER OF INTERVENTIONS
On 9 April 2012, the Ministry of Finance issued Notice No. 16 of 2012 to support the national development of the TV Panel industry.
According to the notice, key imported production parts of the TFT-LCD/OLED/PDP panels can be exempted from the import tariffs from 1 January 2012 to 31 December 2015. Key components, systems, or maintainance services of the company labs can be exempted from import tariffs and import VAT.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.