The Japanese Government Decided To Cancel Some Preferential Tariff Measures To China In 2011.
As China's total economic output is likely to overtake Japan as the second largest economic power in the world in 2010, the Japanese government decided to cancel a number of preferential tariff measures from 2011.
According to reports, the Japanese government decided in December 28, 2010 that it would no longer be from China.
Imported
More than 400 commodities are applicable to the preferential tariff system.
Japan introduced the preferential tariff system in 1971 to promote imported products from developing countries. 3552 of the 5930 commodities that were subject to tariffs in Japan were applied to the system.
In recent years, with the rapid development of China's economy and the increasingly close economic and trade ties between China and Japan, China
Product in
The proportion of total imports increased gradually.
The relevant departments of the Japanese government believe that the preferential tariff system for Chinese goods is excessive, which violates the original intention of formulating this system. In addition, Japanese politicians say that China is no longer a developing country and therefore can no longer apply this system.
The Japanese government will submit an amendment to the tariff Provisional Measures Act in the general assembly of January 2011, and strive to implement it from April 1st.
After the implementation of the new law, the Chinese goods that can not enjoy the preferential tariff will increase from 13 to 450, ranging from toys, daily necessities, clothing to agricultural products, industrial products and other fields. Some of the Chinese commodities have a market share of over 50% in Japan.
Japanese businessmen are worried that the cancellation of tariff preferences to China will lead to the rise in domestic consumer goods prices.
Retailer
It is also possible to shift costs to suppliers in order to control price increases.
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