The Ministry Of Finance Of China Reduces Tariffs On Imported Medical Devices

To protect human health and reduce patients’ economic burden, the Ministry of Finance of the People’s Republic of China issued the tariff adjustment plan on December 29, and will reduce import tariffs for 13 types of medical devices from January 1, 2023; and 37 types of medical device products will achieve zero import tariffs.

Policy Highlights

// Further reduction of import tariffs for some medical devices //

China will implement provisional import tax rates lower than the most-favored-nation (MFN) tariff rate for 1020 items. Among them, 13 types of medical devices such as spring rings, dentures, raw materials for vascular stents and contrast agents will achieve further reduction in import tariffs starting Jan 1, 2023.

// Zero import tariff for some medical devices //

The eighth step of tariff reduction will be implemented for the MFN tariff rate of the products listed in the Amendment to the Tariff Concession Schedule of the World Trade Organization Accession Protocol of the People’s Republic of China for the expansion of the information technology agreement. After the implementation of the policy, 37 types of medical device products will achieve zero tariff on imports starting July 1, 2023.

// New tax item for surgical robots //

In the adjustment of import and export tariffs, it is clear that surgical robot tax items will be increased in 2023 to meet the needs of industrial development and scientific and technological progress. Surgical robot refers to a medical device consisting of a robotic arm, console, imaging system and other components that can perform complex surgical operations in a minimally invasive manner. Including orthopedic surgery robot, neurosurgery robot, radiation interventional surgery robots.

Overall, the adjustment of the relevant agreement tariff rate and other arrangements, on the one hand, can promote the import of medical equipment products, is conducive to the introduction of advanced medical technology and products, stimulate the innovative vitality of domestic enterprises, accelerate industrial transformation and upgrading; on the other hand, it is also conducive to the development of global high-tech, providing a boost to economic globalization.

This is a golden opportunity for imported medical devices to enter the Chinese medical market, BradyKnows has helped many medical device manufacturers apply for the NMPA registration. If you have any questions about China, please contact info@bradyknowsmedical.com.