The hottest import tariff of instruments and meter

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From November 1, 2018, the import tariff of instruments and meters will be significantly reduced

the reduction of tariff will help Chinese instrument and meter enterprises reduce the cost of imported production materials, but at the same time, China's market will be impacted by overseas well-known enterprises, and the competition will be more intense

On September 26, the State Council held an executive meeting to determine measures to promote the landing of major foreign investment projects, reduce import tariffs on some goods, and accelerate the facilitation of customs clearance, so as to promote a higher level of opening up

the meeting decided to reduce the import tariff rate of 1585 tax items, including instruments and meters, industrial products and other commodities from November 1, 2018, of which the average tax rate of instruments and meters and other electromechanical equipment was reduced from 12.2% to 8.8%

so far, tariff reduction measures have been introduced this year, which are expected to reduce the tax burden of enterprises and consumers by nearly 60billion yuan, and China's total tariff level will be reduced from 9.8% last year to 7.5%. This is another major trade-related move made by the Chinese government since the State Information Office released the white paper on the facts and China's position on Sino US economic and trade frictions on September 24

in fact, this is not the first time for China to adjust tariffs. On September 15, 2016, China implemented the MFN tax rate reduction for some information technology products for the first time; The second tax reduction was implemented on July 1st, 2017, involving more than 280 commodities, including instruments and meters, information and communication products, semiconductors and their production equipment

Taking into account the research of major policies, major projects and important work arrangements

Bai Ming, deputy director of the International Market Research Institute of the Research Institute of the Ministry of Commerce, said that on the one hand, reducing import tariffs is the need of China's own development. Against the background of industrial development and consumption upgrading, China is expanding imports and needs to optimize resource allocation in the international market; On the other hand, today's world trade protectionism is spreading, and free trade is facing great challenges. As a major trading country in the world, China has taken the initiative to reduce tariffs and played an exemplary role, which is conducive to boosting the confidence of the free trade camp

most of the products in the tax reduction are products with China's comparative advantages and huge trade volume. For example, after decades of development, China has become the world's second largest producer of instrumentation products. It has mature technologies and products in the low-end field, and has full market competitiveness. Therefore, it is willing to participate in fair competition without using high tariffs to protect the domestic instrumentation industry. According to relevant data, in 2017, the cumulative total export volume of instrument and meter industry in 31 provinces and cities across the country was US $million, an increase of US $9367.2 million or 27.15% over the same period last year

although China's instrument industry has developed rapidly in recent years and has a certain competitiveness in the international market, there is still a large gap between China and foreign countries in the field of high-end instruments. It is mainly reflected in the slow progress of scientific and technological innovation and industrialization of instruments and meters; Lack of key core technologies, low-level repetition is extremely prominent; The stability and reliability of products cannot be fundamentally solved for a long time; High end instruments and meters rely on imports

facing many problems in the current development of China's instrument industry, in addition to concentrating resources and increasing investment in technology research and development, we also need to rely on the power of foreign technology and capital, and need to introduce more advanced technology, equipment and scarce resources to help China's instrument industry move towards high-end and high-quality development

this time, a substantial reduction in tariffs on some imported goods is conducive to the entry of capital intensive foreign investment projects into China, enabling domestic enterprises to obtain foreign advanced equipment, high-quality raw materials, parts and components and advanced technology through import, so as to improve the grade and quality of products and enhance the competitiveness of domestic enterprises in domestic and foreign markets

for domestic instrument and meter enterprises, they should actively seize the opportunity, actively learn from foreign advanced instrument and meter manufacturing technology, improve China's R & D and manufacturing capacity of high-end instruments and meters, get rid of the "neck" phenomenon in key core technologies, and enhance China's international competitiveness in the field of high-end instruments and meters

on the other hand, the reduction of import tariffs on instrument products is easy to impact the domestic instrument market and affect the export of domestic instrument products. According to relevant data, in 2017, the instrument industry in 31 provinces and cities across the country imported a total of US $million, an increase of US $million or 47.97% over the same period last year. It is conceivable that after the implementation of tariff reduction measures, the import volume of China's instrument products will further increase, and the market competitiveness of domestic instrument enterprises will further weaken

therefore, domestic instrument and meter enterprises should be able to ensure flexibility and strong technological innovation where needed, improve product quality, and actively go abroad and participate in international competition by taking advantage of the development opportunity of the "the Belt and Road". At present, many countries along the "the Belt and Road" are promoting the construction of energy, power and other infrastructure, which has many market opportunities. In the domestic market, all instrument and meter enterprises should strengthen cooperation to jointly protect the instrument and meter industry market and maintain the healthy development of the industry

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