MOFCOM says Brazil beef safeguard trigger reached; 55% additional tariff from October 1

China's Finance Ministry, GACC and STA grant duty-free import quota for exhibits sold at 2026-2027 CIFTIS

China's Ministry of Finance, the General Administration of Customs and the State Taxation Administration state in Cai Guan Shui [2026] No. 22 that imported exhibits sold at the China International Fair for Trade in Services (CIFTIS) within each exhibitor's duty-free quota are exempt from import duty, import-stage VAT and consumption tax, under the exhibit categories and sales quotas in the annex. Excluded from the exemption are goods banned from import, endangered animals and plants and their products, tobacco, alcohol, automobiles, and goods on the Catalogue of Major Technical Equipment and Products Not Eligible for Import Duty Exemption.

China's Tariff Commission and ministries grant import tax breaks for energy and resource exploration during the 15th Five-Year Plan

China's Ministry of Finance, the General Administration of Customs and the State Taxation Administration issued Cai Guan Shui [2026] No. 16, effective January 1, 2026 through December 31, 2030, exempting import duties on equipment, instruments, spare parts and special tools that cannot be produced domestically and are used directly in offshore oil and gas exploration and development, including emergency rescue for offshore oil and gas pipelines. For Sino-foreign cooperative offshore oil and gas projects, including those approved before December 31, 1994, import duties and import-stage VAT are exempt.