Adjust Export Tax Rebates Starting To Prove Fair Trade Impact Of Price Increases
The impact of export tax rebate policy adjustment is shown
. Canton Fair, the number of sectors that will increase the offer to ease the political pressure, but this new offer is not acceptable for the customers, business is expected to be sustained outflow of some orders. Multi-industry price increasesJuly 1 this year, the Government has significantly adjusted the export rebate rate of goods involving more than 40 categories 2,831 kinds of commodities, an unprecedented magnitude. Long
the source of high ceramic Zhang Jianwei, said yesterday that this round of policy changes, some ceramic products, 8% tax rate from the earlier reduced to 5%. He said some of the higher value-added products with higher profit, and can still bear the costs, export prices have some simple products, such as the tiles on the price increase of 5% -10%. However, this is not for buyers to accept price increases, he said, many buyers choose to watch, some orders have been transferred to Indonesia, Brazil. Wood Import & Export Co., Ltd.
Ji Lin Huibang International Department, said Liu Zhongyu, wood products export tax rebate rate in July down from 13% to 5% after 8% of corporate tax has been living through this. At the fair, his product offer by about 6% -8%, because it is resource-based products, most of the older customers are accepted, but there are some orders exodus to Southeast Asia and South America, "although the process compares favorably with those regions China, but the logs lower cost. "
Clothing, Shanshan Group Co., Ltd., said Zhu Sujun Assistant to the President, clothing tax rate from the previous 13% to 11%, companies will digest some of their rising costs, price increases will also reduce stress.
Fact, affect not only the orders of a tax rebate, the yuan continues to appreciate, and various raw materials, labor costs, are pushing up the cost of exports. About the ceramics, the last two years, export ceramics industry cost at least go up by 15%, 5% -10% of the price increase is not fully passed on to cost pressures.
Continued decline in export growth Customs data released recently and the situation in Canton on orders correspond. In fact, part of the order flows, it is the government would like to see control results.
Persistently high trade surplus prompted the Government to adjust export tax rebate is the direct cause, the Ministry of Finance had made it clear that this adjustment in order to alleviate a significant trade surplus key policy objectives. Although the high level of surplus
did not improve, but the recent General Administration of Customs released in September trade data showed exports in September growth was down 22.8% increase, with 22.7% last month, data from close to far less than the July's 34.2%.
Institute, a research fellow Department of Commerce, said yesterday that export tax rebates, the impact of family control policies is expected to be embodied in 10,11,12 for three months, taking into account the recent food, medicine, toys and other security problems caused by the follow-up effects the fourth quarter of this year's export growth will slow sharply.
Adjust Export Tax Rebates Starting To Prove Fair Trade Impact Of Price Increases
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