According to the news released by the Ministry of Finance website on December 23, it was reviewed and approved by the State Council Tariff Commission and submitted to the State Council for approval. From January 1, 2017, China will adjust the import and export tariffs of some commodities.

The website of the Ministry of Finance said that next year's tariff adjustment will adhere to the concept of innovation-driven development, continue to encourage the import of advanced equipment, key components and energy raw materials that are urgently needed in China, and reduce the integrated circuit test sorting equipment and aircraft hydraulic pressure by importing a tentative tax rate. Import duties on commodities such as actuators and thermal crackers.

The Ministry of Finance website also said that in order to enrich the shopping choices of domestic consumers, it will also reduce import tariffs on cultural consumer goods such as tuna, arctic shrimp, cranberry and other specialty foods and original sculptures.

With the rapid development of China and the continuous improvement of people's living standards, people's demand for high-quality seafood is increasing, but domestic production resources are limited. In order to enrich domestic shopping choices, more and more imported seafood is introduced, especially like tuna and the Arctic. Shrimp, a popular imported seafood in the Chinese market, further reduces import tariffs, not only optimizes the import structure, but also better meets the needs of domestic production and consumers.

In addition to tuna and Arctic shrimp, what other imported seafood will be cheaper?

In addition to the tuna and Arctic shrimp mentioned in the previous section, there are many imported seafood that will further reduce tariffs.

Screenshot of the MFN provisional tax rate for goods including tuna, Arctic shrimp, etc. (partial)

Through the screenshots of the import MFN provisional tax rate table, we can see that imported seafood will reduce import tariffs, frozen squid, frozen tuna, frozen squid, frozen squid, frozen squid, frozen / fresh king crab, cooked frozen Arctic shrimp, live fresh rock lobster, live fresh lobster, frozen/fresh elephant and other popular imported aquatic products. We also see from this that the tariff reduction is mostly wild seafood. Because China is currently facing serious wild fish overfishing and resource recession, domestic wild seafood has been unable to meet the growing domestic demand, which is one of the important reasons for the country to adopt the “import substitution” strategy.

However, this preferential policy has not been enjoyed by popular imported seafood such as salmon, cultured prawns and farmed balsa fish.

The state has greatly reduced the tariffs on some imported seafood, and the United States, Canada, and Russia are the most beneficial!

This time, the tariffs on some imported seafood will be reduced. On the one hand, it will satisfy the demand of Chinese consumers for imported seafood, and on the other hand, it will bring a broader market to some imported seafood originating countries. According to China Customs data, the eight fresh seas are sorted out in the list of the most favored countries in the provisional tax rate, and the imported seafood that will be reduced in tariffs will be imported into the top three countries and regions in China in 2015.

It is not difficult to see that the countries that have benefited the most from the tariff adjustment of imported seafood are the United States, Canada and Russia! Others benefit from Europe and the United States, while Norway and Central and South Asian countries and regions do not benefit much. China and Southeast Asian countries are important aquaculture countries. The cultured species are similar, and most of them are in a competitive relationship in the market. For example, China and Southeast Asian countries are important areas for breeding shrimp. The Vietnamese cultured Basha fish has been exported to the Chinese market in recent years. . It has a big impact on domestic tilapia.