Global Trade Alert
Global Trade Alert

China: Five ships added to roster of 'flag of convenience' vessels officially exempt from import tariffs and VAT

Announcement

17 Aug 2018

August 17th, 2018 - The Chinese government announced five large cargo ships would be exempt from import VAT and tariffs.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

17 Aug 2018

Revocation date:

No revocation date

Updated: 17 Aug 2018
Tax or social insurance relief In force

On August 17th, 2018, the Chinese Ministry of Finance released a list of five 'Chinese-funded' vessels using flags of convenience that would be exempted from import VAT and tariffs.

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