Chinese import tax rate for wet blue reduced by 1%

08/02/2006
The tax rate on imported wet blue into China, including full grain, unsplit, and grain split bovine has been reduced by 1% in 2006. The tax on all other leather products and relevant goods import tax remains unchanged.

In compliance with a WTO agreement, all tax rates on leather products were reduced to the Final Bound Rate in 2005, except for dispersion dyes, acid dyes, reactive dyes etc which will not reach the rate until 2008.

However, following appeals made by the leather industry, it was deemed appropriate to reduce the tax level on wet blue further still.