· Japan intends to eliminate tariffs on three raw materials for auto parts worldwide

According to Japanese media reports, the Japanese Ministry of Finance has recently begun to discuss tariffs for three categories of spare parts for automobiles and other parts worldwide since 2018.
According to the report, since the 2018 year, with the cancellation of the tariff system for developing countries, Japan is levying the same 2.6 to 3.3% tariffs on developed products from countries such as Brazil, but in order not to increase the burden on domestic enterprises. , will remain at 0%.
It is reported that the object of this time is three categories of "iron-iron alloy", "aluminum hydroxide" and "p-tert-Butylphenol", which are raw materials for automobile motors and lamp parts. There is no production in Japan, and most of the imports depend on developing countries.
In terms of tariffs, the tax rates of developing countries and developed countries are different, and the tariffs for developing countries are 0% on industrial and mining products.
However, since 2018, countries such as Brazil will “graduate” from the stage of developing countries and reserve the same tariffs as developed countries. Since 2018, Japan will first impose tariffs on 88 categories of products from Brazil and all categories of the five countries from 2019.

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