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Japan Intends To Increase Tariffs On 400 Kinds Of Chinese Products

2011/1/6 14:25:00 54

Tariff Import And Export

According to Japanese media reports, the Japanese government recently decided to raise more than 400 kinds of products from mainland China.

Import duties


Reports say that Japan has always supported it.

Economics

From the perspective of development, it is from developing countries such as China.

Imported

The product implements a preferential tariff system with a low tax rate.

But considering that the Chinese mainland will overtake Japan as the second largest economy in the world, the Japanese government believes that if it continues to implement the system on Chinese mainland products, it will deviate from its original intention of helping the poor.


According to the plan formulated by the Japanese government, the products that will be imported from mainland China will not enjoy the preferential tariff system from 13 to 450.

Product category involves daily necessities, clothing, agricultural products and so on.

The Japanese government plans to submit the plan in Parliament at the beginning of 2011, which has been formally implemented since April 1st.


The report points out that increasing the import tariffs of Chinese products may lead to the rise of domestic retail prices and the impact on the daily life of the people.

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