Companies in the jurisdiction area of Guangzhou Customs are expected to see a tax reduction of about 300 million yuan ($43.2 million) in 2020 after China implemented a provisional import tariffs rate lower than the most-favored-nation tariffs rate on 859 goods starting from Jan 1.  

For products including frozen fruits, nuts and orange juice, rates were cut more than 50 percent, according to the tariff item list from the Ministry of Finance.

"Thanks to the adjustment in imported tariffs, the tax rate on imported grapes from South Korea has decreased from 6.5 percent to 5.2 percent," said Wu Zhuoxian, manager assistant of a Guangzhou company managing customs clearance.

A person in charge of the tariffs department of Guangzhou Customs noted that the import volume of fruits is expected to see an increase with the help of the policy and the upcoming Spring Festival holiday.