Chairman of China Chamber of Commerce of Metals Minerals & Chemicals Importers & Exporters (CCCMC)
Today I’d like to briefly introduce the import and export policy of China agrochemical products from three aspects.
First, the management of tariff quota. China has entered the World Trade Organization, commonly known as WTO. Before that, the import quota on fertilizer was controlled. And after the entry, the tariff quota management is implemented according to the negotiations and commitments. Import quota is a measure that Chinese government actively takes in order to protect and improve the development of the fertilizer industry in China. From the current domestic fertilizer output and its competitiveness, the policy by China in the past import has already played a very positive role.
Second, the management of trade rights. According to China’s fertilizers in the 25 harmonization code systems (HS-Code), state-owned trade management is implemented on the import.
Third, the adjustment of tax and tax rate. On December 23rd, 2016, State Council Tariff Regulation Committee officially published the 2017 Tariff Adjustment Plan. In the plan, the adjustment in the import and export duties of the products and raw materials related to fertilizer is that the total import tariff rate remains unchanged and except for the fertilizers containing potassium, the export tariff rate is down to zero with the decrease of total export quota and export tariff rate of phosphate ore.