China Lowers Import Duties for Cars21. June 2018
As the Chinese Government announced, import tariffs for motor vehicles will be cut by 10 percentage points to only 15%.
Import duties for automotive components will even be cut by 19 percentage points, down to only 6%.
Recently, many of the Chinese automotive regulations were reduced as well. This combined with the lower import duties will make the Chinese market more open for foreign car manufacturers. For smaller manufacturers of premium or niche vehicles, the recent changes are likely to facilitate the entry into the world’s fastest-growing automotive market.
CCC certification is becoming more and more important to ensure the safety of imported vehicles and components.
For more information on how CCC certification could impact your business, or information on CCC certification in in general, its process, and associated costs, visit our website and news section, where you will find up-to-date information twice a week.
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