The Ministry Of Commerce Set The Tone To Raise Export Tax Rebates For Textile Industry

In the middle of July, rumors that the export tax rebate of textile industry will soon be readjust has been well known in the bookshops.

The Ministry of Commerce's high-level statement has made this industry known as the tax rebate adjustment rumor is already a nail in the face.

Gao Hucheng, Vice Minister of Commerce, said on Monday that support policies will be introduced at the right time to help textile industries such as export problems.

He told the media at the margin of a press conference that "due to the changes in the international market economy, the RMB exchange rate (appreciation) and some other cost effects, especially the changes in market demand, some industries in the first half of the export structure, especially the labor-intensive industries represented by textiles and clothing, now reflect the difficulties of export operation."

Gao Hucheng told the media that the Ministry of commerce is working with other departments to conduct research on export difficult industries, and will make timely policy recommendations according to the research situation.

Yesterday, the reporter also got the news that the Ministry of Commerce has formally recommended to the State Council to slow down the pace of RMB appreciation and raise the export tax rebate rate of clothing, toys and footwear, in order to prevent a sharp fall in exports.

According to foreign reports, last week, the State Council requested the Ministry of Commerce to report on its foreign trade situation in the first half of this year and put forward policy proposals, according to official sources.

The Ministry of Commerce said in its proposal that export enterprises need more time to make adjustments, otherwise many enterprises will be closed down.

Increase export tax rebate "choose the opportunity to introduce"

Since the second half of last year, the profits of the textile industry have not been as good as a day in the face of the external environmental impacts such as the appreciation of the renminbi, the rise in the price of raw materials, the increase in wage costs, and the obstruction of exports.

At the beginning of February this year, after a large number of 6 provinces were investigated, the China Textile Industry Association began to advise the senior level to improve the export tax rebate for textile industry.

In early July, this newspaper got the news that the decision making department at the top level has passed and will choose this policy.

The specific rule is that the textile export tax rebate rate will increase by 2% to 13%, and the export rebate rate of clothing exports will increase by 4% to 15%.

In addition, the export rebate rate of viscose fiber from main raw materials increased from 5% to 15% and increased to 10 percentage points.

"The state has introduced the textile export tax rebate policy from content to itself has been basically set.

From the current situation, the state must definitely support the textile industry.

It's only a matter of time. "

First textile network editor in chief Wang Qian said in an interview with our reporter.

The June export figures just released may accelerate the introduction of this policy.

According to data from the General Administration of customs, the trade surplus in June was 21 billion 350 million US dollars, down 20.6% from the same period last year.

In June, total exports amounted to US $121 billion 530 million, an increase of 17.6% over the same period last year, and the growth rate was much lower than 28.1% in May.

The most serious downturn is the textile industry.

Affected by the appreciation of the renminbi, textile exports slowed sharply in the first half of this year.

Many enterprises are on the verge of bankruptcy.

Data show that: in the first half of this year, the export volume of clothing increased by only 3.4% over the same period last year, and the growth rate was much lower than that in the first half of 2007. 21.7%

Macro tuning and quickening policies

Not only is the pace of export growth slowing down, but also the entire macro-economy is forcing this policy to accelerate.

This week, the central economic work conference will be held in Beijing to identify the macroeconomic situation in the first half of the year.

"When formulating policies, we should not only consider the micro level of specific industries, but also analyze and judge the macro economic situation."

Wang Qianjin told reporters that the macroeconomic adjustment will accelerate this policy.

"Because the export tax rebate policy is mainly formulated for the second half of the year, and the micro operation of the textile industry itself is quite clear. Once the conclusion is reached, the policy will come into being."

Wang Qianjin told reporters that the textile situation in the second half of the year will depend largely on whether the state adjusts its policies. If the state can raise export rebates and relax credit policies to support enterprises as expected, the main economic indicators of the textile industry will tend to predict high value, otherwise, it will not rule out the possibility of being lower than the predicted low value.

In his view, the government will take the export tax rebate policy as the core, and support some other supporting policies to support the textile industry.

It mainly includes two aspects: controlling the speed of RMB appreciation and restraining inflation.