"One step practical action is more important than a dozen programs."
The Tariff Commission of the State Council of China recently issued a circular to adjust the import tariff of some commodities. The main contents include: the implementation of the provisional import tax rate lower than the MFN tax rate for more than 850 goods since January 1, 2020; the further reduction of tax rate between China and New Zealand, Peru, Costa Rica, Switzerland, Iceland, Singapore, Australia, South Korea, Georgia, Chile, Pakistan FTA and Asia Pacific trade agreement in 2020; 176 it items from July 1, 2020 The fifth step of implementing MFN tax rate of technical products is to reduce tax These practical actions not only bring great benefits to China's trading partners, but also meet the inherent requirements of China's high-quality economic development, and also reflect China's full sincerity in taking the initiative to expand opening up.
The wider the door is open, the wider the win-win road will be. According to the announcement, this tariff adjustment involves a wide range of goods and a large range of tax reduction. For example, the most favored nation rate of "fertilized fish eggs" is 12%, and the provisional tax rate is 0 after China's adjustment, and the tax rate of aircraft automatic driving system parts is reduced from 5% to 1%. After the implementation of the new tax rate, foreign commodities such as frozen avocado in Kenya, frozen pork in the United States, high-pressure control valve in Italy, ferroniobium produced in Brazil, raw materials of large axis film in Japan are expected to receive more "Chinese orders", and the comparative advantages of relevant economies will also bring more returns in international trade.
In fact, the huge import demand formed by the rapid development of China's new industrialization, informatization, urbanization and agricultural modernization also means more income and employment. According to the first report on economic and trade relations between China and Latin America and the Caribbean issued by the International Labour Organization, China has created up to 1.8 million jobs in Latin America and the Caribbean from 1990 to 2016.
Open your arms to learn from others, high-quality development can be more hopeful. Over the past 40 years of reform and opening up, China's market, labor force, land and foreign capital, technology and management mode have complementary advantages. The surging power released by the combination of the two sides has become an important force to promote the rise of China's economy. In the future, to achieve high-quality development of China's economy, it is also necessary for China's market players to integrate more deeply into economic globalization and make full use of "two markets" and "two resources" at home and abroad to enhance industrial added value and competitiveness.
From the demand side, reducing the import cost can further enrich the domestic market supply and provide consumers with more choice space to meet the increasingly personalized, diversified and high-quality demand; from the supply side, reducing the import cost will further promote the orderly and free flow of international and domestic factors, bringing various "industry catfish" and more full competition rings for Chinese Enterprises Environment. In a sense, the opportunities and challenges brought by the expansion of opening-up are exactly the necessary environment for China to accelerate the transformation of economic development mode.
At the same time, the reduction of import tariffs is in line with the main tone of China's continuous expansion and opening-up over the years. As early as 2010, China's commitment to reduce taxes on goods when it joined the World Trade Organization has been fully fulfilled; in 2015, China's trade weighted average tariff has been reduced to 4.4%, only 1.5 to 2 percentage points lower than that of developed economies such as the United States and the European Union; by March 2018, China had implemented zero tariffs on 97% of the tax products of 36 least developed countries that had established diplomatic relations and completed the exchange procedures.
"The beauty of each, the beauty of the beauty, the beauty and the common, the world is the same." Since 2002, China's average contribution rate to world economic growth has been close to 30%, which has become an important engine for world economic recovery and growth. Against the background of increasing uncertainty in the world economy, China has once again taken the initiative to take practical actions to expand opening up, and its positive significance will surely be recorded in history.