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04

2023

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01

The Import Tariff of Beef From Australia Will Be Reduced to 1.2% in 2023

Source:

GACC

According to the free trade agreement signed between China and Australia, the tariff on Australian beef to China has decreased by 1.2% YoY since 2015. In 2022, the tariff has decreased to 2.4%, and will further decrease to 1.2% in 2023.



According to the free trade agreement signed between China and Australia, the tariff on Australian beef to China has decreased by 1.2% YoY since 2015. In 2022, the tariff has decreased to 2.4%, and will further decrease to 1.2% in 2023.

 

In addition, according to the agreement, Australia's preferential beef quota to China has increased YoY since 2019, and will eventually increase to 248,729 tons on Jan 1, 2031.

 

According to the Announcement on the Quantity of Triggering Levels of Two Types of Agricultural Products Imported from Australia in 2022 issued by the GACC on Jan 29, 2022, under the item of with 6 codes that chilled and frozen beef with or without bones, the quantity that can be imported under the agreement tariff rate in the Free Trade Agreement between the Government of China and Australia this year is 19,030 tons. Since the total amount of beef imported from Australia by Chinese Mainland in 2021 did not trigger the upper limit of the actual import level in that year, This year, the number of trigger levels that Chinese Mainland can actually import from Australia is the same as the agreed quota, which is 190,630 tons.

 

Since the Free Trade Agreement between China and Australia came into force in 2015, as of 2021, the quota of Australian beef to China has been triggered three times in a row from 2018 to 2020. According to 2022's import data, from Jan to Nov, Chinese Mainland imported 168,743 tons of beef from Australia, which is still about 22,000 tons away from the actual import quota in 2022. In the past two years, the monthly beef imports from Chinese Mainland rarely exceeded 20,000 tons. It is expected that the overall import volume from Australia this year will be difficult to reach the trigger level of 190,630 tons.