The Free Trade Map Expands, and the Maldives Agreement Comes into Effect, Leading a New Wave of Tariff Reductions
Category: Industry Trends
Date: On December 28, the Customs Tariff Commission of the State Council of China released the 2025 Tariff Adjustment Plan, which will officially take effect on January 1, 2025. The plan implements provisional tariffs lower than the most-favored-nation (MFN) rates on 935 imported goods and involves tariff reductions or special treatments under 24 free trade agreements (FTAs) and preferential trade arrangements. This is another major initiative by China to promote high-level opening-up and high-quality development. Specific policy measures include reducing tariffs in key sectors.
PSB Record: Shanghai No.31011502009912 
