China’s machinery industry has maintained a growth rate of more than 30 percent over the past decade. Under the Made in China 2025 project, China is shifting from focusing on low-end manufacturing to high-end goods production. Relatively low tariff on machinery imports to many countries, including the US, is one of the main factors placing machinery among the top export categories of China. What should you keep in mind when importing machinery to the US?
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Importing machinery from China to the EU
Machinery is one of the leading Chinese export products’ groups. It takes second place right after electrical and electronic equipment. Moreover, duty rates on machines from China are relatively low, making their import beneficial to European companies. In this article, we cover the topic of importing machinery from China to the EU. Find out what their production areas and customs rates out. Check importers’ obligations for machinery.
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