Textile And Clothing Export Tax Rebates Will Increase Fujian'S Profit By 1 Billion Yuan.

Since August 1st this year, the state has raised the export tax rebates for textiles and clothing from 11% to 13%, which will bring 1 billion yuan profits to Fujian related enterprises.

According to analysis, Fujian is the sixth largest exporters of textile and garment enterprises in the country, and the total export volume of textile and clothing was 73 in 2007.

1 billion 200 million US dollars, if estimated by the annual export growth rate of 10%, it is expected that the export volume will reach 8 billion US dollars this year, and the export tax rebates will increase by two percentage points. The total profit of the textile and garment industry in the province will increase by 1.

6 billion 100 million US dollars, at present exchange rate level, enterprises will increase profits by no less than 1 billion yuan.

According to the first half of the province, GDP and total price level increased by 13 respectively.

8% and 7.

1% projections show that textile enterprises will increase the profit of 1 billion yuan by GDP0 in the second half of the year.

17 percentage points.