China will reduce import duties on cheese and whey from 2022

From January 1, 2022, China plans to reduce import customs duties by 954 goods. Such data follow from the Plan for adjusting customs duties, published in notification No. 18 (2021) of the Committee on Customs Duties under the State Council of the People's Republic of China. The reduction in import customs duties, among other things, will affect substitutes for whole milk, dry whey and many types of cheeses, Milknews reported. The Chinese Ministry of Finance noted that for 2022, temporary import customs duty rates are being introduced at a lower level than most favored nation (MFN) tariffs. The adjustments are being introduced to ease the financial burden on the population, increase the availability of some imported medicines and medical products, as well as food and consumer goods, and stimulate green low-carbon development. At the same time, from January 1, the previously introduced temporarily reduced import duties on such foreign goods as battery components, gelatin, pork, etc. ...