| Monday, November 12, 2001, updated at 09:12(GMT+8) |
GAC Director on Tariff Revenue after China's Entry into WTO |
 Mou Xinsheng, director of General Administration of Customs (GAC), said in an interview with the press that Chinese customs will try to lessen the impact on its tariff revenue by China's accession to the WTO and continue to lower its tariff and implement fair and uniform tariff policies rates as promised.
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Efforts to be made to lessen the impact
Chinese customs will try to lessen the impact on its tariff revenue by China's accession to the World Trade Organization (WTO), said Mou Xinsheng, director of GAC on Sunday in Beijing in an interview with the press.
Mou said that the customs will fulfill the above mentioned goals by improving Chinese customs' law-enforcement environment gradually, enhancing enterprises' awareness of law and taking more effective measures to fight frauds.
Lower tariff 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 the future, China will continue to lower its tariff rates as promised, said Mou.
As promised, China's tariff rates will be reduced below the average level of developing countries in 2005, with the average import tariff rates for industrial products around 10 percent.
Preparation made for implementation of WTO agreement
Mou told the journalist that 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.
Mou stressed that no matter what changes take place in China's tariff revenue and management, China will honor all its commitments and abide by WTO rules.
| The World Trade Organization (WTO) approved China's accession into the global trading body Saturday in Doha. Trade ministers from the 142 WTO members sealed China's entry at a second-day session of their fourth ministerial meeting. China and the WTO signed a membership accord Sunday. |
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