Commerce Ministry Releases 2027 Tariff-Rate Quota Rules for Sugar, Wool and Wool Tops Imports

Deep News
8 hours ago

According to Order No. 4 of 2003 issued jointly by the Ministry of Commerce and the National Development and Reform Commission (the Interim Measures for the Administration of Import Tariff-Rate Quotas for Agricultural Products), the Ministry of Commerce has formulated the Rules for the Application and Allocation of the 2027 Sugar Import Tariff-Rate Quota and the Detailed Implementation Rules for the 2027 Wool and Wool Tops Import Tariff-Rate Quota, which were published on October 9.

The total 2027 sugar import tariff-rate quota is 1.945 million tonnes, of which 70% is state trading tariff-rate quota. Enterprises may independently choose to apply for: (1) state trading tariff-rate quota; (2) non-state trading tariff-rate quota; (3) both state trading tariff-rate quota and non-state trading tariff-rate quota. Among these, the state trading tariff-rate quota allocated to enterprises must be imported through the agency of state trading enterprises. If a state trading enterprise fails to sign an import contract before August 15 of the current year, the enterprise that obtained the tariff-rate quota may import on its own or entrust another enterprise to import.

The total 2027 wool import tariff-rate quota is 287,000 tonnes, and the total wool tops import tariff-rate quota is 80,000 tonnes. The wool and wool tops import tariff-rate quotas are allocated on a first-come, first-served basis against contracts. Once the cumulative quantity issued reaches the total 2027 tariff-rate quota, the Ministry of Commerce will stop accepting applications.

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