Industry Dividend: China Adjusted Import Tariffs On Textiles From 5 Countries Such As India Since July.
The Customs Tariff Commission of the State Council informed in June 26th that it has decided to apply the agreement rate of the second amendment to the Asia Pacific trade agreement from July 1, 2018 onwards for imported goods originating in Bangladesh, India, Laos, Korea and Sri Lanka.
The list includes chemicals, agricultural products, medical supplies, textiles, etc.
clothing
Steel and aluminum products.
These products were subject to varying degrees of tariff rate reduction.
Among them, the tariff rate of textile raw materials has been reduced, for example, other cashmere products for retail use.
yarn
From 6% to 4.2%, the lighter weight cotton plain cloth has dropped from 10% to 6.5%.
See the agreement tariff table.
Asia Pacific trade agreement agreement tariff table.Pdf
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