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New trends in import tariffs on products in China's leather industry in 2022

  • Time of issue:2022-02-24 15:28
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New trends in import tariffs on products in China's leather industry in 2022

(Summary description)The 2022 Customs Import and Export Tariff of the People's Republic of China has come into effect on January 1. Among them, the import tariff of leather industry products presents the following new changes and new features.

  • Time of issue:2022-02-24 15:28
  • Views:
Information

The 2022 Customs Import and Export Tariff of the People's Republic of China has come into effect on January 1. Among them, the import tariff of leather industry products presents the following new changes and new features.

1. The import tax rate of Huiguo is lowered

In 2022, the average MFN import tax rate for leather industry products with 290 tax numbers (10-digit tax numbers) will be 8.55%, down 0.19 percentage points from 8.74% in 2021.

2. Dynamics of import tax rates under the Free Trade Area Agreement

In 2022, according to the free trade agreements and preferential trade arrangements (bilateral or multilateral free trade areas) signed between China and relevant countries or regions, China and the Regional Comprehensive Economic Partnership (RCEP) and Cambodia will be newly added, bringing the total to 19, respectively. China and RCEP, Asia Pacific Trade Agreement, ASEAN, Iceland, Georgia, Pakistan, South Korea, Switzerland, Costa Rica, Peru, Australia, Mauritius, New Zealand, Singapore, Chile, Cambodia, Hong Kong, Macau and Taiwan. 

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Dongguan Hongding Leather Products Co., Ltd., located in Hongye North Road, Xinwan, Humen, Dongguan, was established on June 24, 2010. It is a private processing enterprise mainly engaged in the production of leather belts and leather shoe accessories. The company covers an area of 1,175 square meters, with a total construction area of 4,500 square meters and more than 150 employees. The monthly output is 1 million pieces, and there are more than 15,000 styles. All products are exported to Europe, America, and Southeast Asian countries and regions.
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