Do joint venture vehicles require tariff payments?

[LeoMarie]

Joint venture vehicles are not subject to tariffs; tariffs are only incurred when vehicles are imported from abroad. Import tariffs: These are duties imposed by a country's customs on imported goods and items. Levying import tariffs increases the cost of imported goods, raises their market prices, and affects the quantity of foreign goods imported. On the other hand, joint venture vehicles are projects established through collaboration between Chinese and foreign investors, with production taking place domestically. Chinese investment methods: Providing land and factory usage rights, capital; foreign investors contribute brands, technology, capital, talent, etc. Joint venture vehicles are the result of such collaborative arrangements.