China Offers Zero Tariff Treatment to 97% of Taxable Products from Laos

Following an announcement recently issued by the Customs Tariff Commission of the State Council (No. 9 [2020]), zero tariff treatment will apply to 97% of tariff products originating from Laos starting from 1 December 2020.

The 97% figure includes a total of 8,256 taxable items. Of these, 5,161 fall under “Beneficiary Country LD” status, 2,911 under “Beneficiary Country ₁LD₁” and 184 under “Beneficiary Country ₂LD₂” according to categorisations determined by the Customs Import and Export Tariff of the People’s Republic of China (2020).

Source: Customs Tariff Commission of the State Council