Since the new year's day, the state has adjusted the import and export tariff again, reducing the import tax rate of some commodities, increasing and improving the provisional tariff of some products.

Wenzhou customs warned that the adjustment will have a certain degree of impact on our enterprises, especially footwear enterprises.

On the import side, the most favored nation tax rate of plastic particles such as polyethylene and polyvinyl chloride dropped from 7.6% to 6.5%. Imports from some commodity plastics products such as polyethylene and polystyrene from the Asia Pacific Trade Agreement countries enjoy a more preferential tax rate, which is conducive to reducing the cost of imported raw materials for relevant enterprises in our city.

For footwear companies in Wenzhou, it is particularly important to note that the tax items of footwear under leather shoes are readjusted. The customs reminds enterprises to pay attention to import and export declarations and processing trade brochures for filing.