China will cut the import tax of pxptapet by 1

2022-08-22
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China will reduce the import tax of PX, PTA and pet by 1%

China will conduct the static experiment of polyester chain products: para xylene (PX) and refined para phthalic acid (PTA) in 2005 by using standard electronic universal testing machine, and the import tariff of polyethylene terephthalate (PET) has been reduced by 0.5% - 1%

on the basis of the tax rate in 2004, the import tax of PTA was reduced by 0.5% to 6.5%, and the import tax rate of pet and PX was reduced by 1%, to 9.7% and 2% respectively. This may reduce the import price of these three products by 5-10 US dollars/ton, while the added value and exchange rate remain unchanged. The oil cylinder will gradually drop, but the import tax rate of MEG will remain unchanged, still at 5.5% in 2004. Cutting the import tax rate of most petrochemical products is part of the proactive and broad policy adopted in accordance with the provisions of the agreement on China's accession to the world trade organization

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