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| Customs Chief on Tariff Revenue after WTO Entry |
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MON, NOV 12, 2001
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Chinese customs will try to lessen the impact on its tariff revenue by China's accession to the World Trade Organization (WTO), said Director of General Administration of Customs (GAC) Mou Xinsheng in Beijing Sunday.
In an interview with the press, Mou said the gradual improvement of Chinese customs' law-enforcement environment, enterprises' growing awareness of law and more effective measures to fight frauds by the customs will contribute to the above mentioned goals.
Mou said China will continue to lower its tariff rates as promised. In recent years, China kept reducing tariff rates dramatically, with its average tariff rates decreasing from 43.2 percent in 1992 to currently 15.3 percent.
In 2005, China's tariff rates will be reduced below the average level of developing countries as promised, with the average import tariff rates for industrial products around 10 percent, he said.
China has made law-making preparations for the implementation of WTO Agreement on Customs Valuation. Detailed operation procedures are being formulated, and GAC will adjust its valuation work to a large extent.
GAC will implement fair and uniform tariff policies in China in accordance with the non-discriminating principle, he said. GAC will rectify tariff-reducing policies step by step on the basis of gradual decrease of tariff rates.
No matter what changes take place in China's tariff revenue and management, Mou stressed, China will honor all its commitments and abide by WTO rules.
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