China's Steel Industry, Foreign Trade Policy Will Make A Major Adjustment
Foreign trade policy of the Chinese steel industry faces a major adjustment
. This adjustment is to adapt to the new international trade situation, and also will join the W TO requirements.Now China's foreign trade restrictions on steel imports of the main policies include: limited registration, the designated operational, the "middle jacking"; export-promotion policies are: export tax rebates, preferential loans. The management of state departments that, in order to adapt to the future accession to WTO requirements, this policy will be adjusted or canceled.
The source analysis, limited registration may be canceled during the year. According to WTO rules that allow member states for their own products, imports automatic registration in order to monitor imports and exports, but are not allowed to quantitative restrictions on imports. As early as 1992 China had promised to abolish quotas and licenses steel products, Europe, the United States, Japan, Korea and other countries on China's limited registration policy currently in force is very sensitive to the authorities repeatedly questioned. According to an authoritative experts predicted that, if China this year to join the WTO, this measure will change.
The source also pointed out that after the abolition of the designated operational how to control the import into an urgent task. According to commitments, China will join the WTO five years, cancellation iron and steel enterprises of the designated operational, that is, by 2005 all foreign trade enterprises can operate the right to operate the steel trade. The designated operational control of iron and steel products in China has been an effective means of imports, after the removal will adopt administrative measures to control imports more difficult. 5 years after the WTO should seize the time trying to use market means to control the import, ensure that after the abolition of the designated operational control of China's steel trade Buzhi Yu.
According to industry pointed out that the "middle jacking" the current approach are: iron and steel enterprises will be approved steel sold to export processing enterprises will be exempt from value-added tax of 17%. Such a policy would ease the contradiction between supply and demand in the market and improve the variety, quality, enhance the competitiveness of enterprises, increase enterprise efficiency is undoubtedly of great significance.
Although from a formal point of view of the policy is not a clear violation of WTO rules, but in essence it is an import-substitution policies, laws and regulations are a "gray area", once the accession to WTO will certainly be challenged by other member states. Therefore, the iron and steel enterprises should take advantage of this rare opportunity, as soon as possible to improve product quality, and actively develop new markets, improve after-sales service, improve the international competitiveness of enterprises to strive for long-term occupation in this area.
The face of the plight of the steel trade, China's introduction of a "middle class jacking" approach to stabilize the trend of steel, China's iron and steel to achieve high-quality products win the market will not be too much by the impact of foreign and limitations. China's steel market to remain stable over the next five years. In addition, the steel products export tax rebate policy will also change the export tax rebate rate will be increased.
China's Steel Industry, Foreign Trade Policy Will Make A Major Adjustment
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