Page:China and WTO White Paper 2018.pdf/17

 upgrade its industrial structure. In recent years, on top of its commitments to the WTO, China has self-initiated significant reductions to import tariffs on an interim basis for multiple times. According to the WTO, China's trade-weighted average import tariff rate had fallen to 4.4 percent in 2015, only 1.5 to 2 percentage points higher than those of developed economies such as the US and the EU. By the end of 2017, China had reduced tariffs on more than 900 tariff lines. At the 2018 Boao Forum for Asia Annual Conference, China announced plans to further reduce import tariffs and to import more high-quality, distinctive products that meet the strong demand of the Chinese people.

2. Facilitating international trade