Xinjiang'S Cotton Bound Cotton Will Receive A Central Government Subsidy Of 400 Yuan Per Ton.

Reporters learned from the financial department of the autonomous region: the development of cotton industry in our region has good news. In the future, we will get the quota subsidy of 400 yuan per ton for the cotton exported from Xinjiang and Xinjiang.

It is understood that in 2007-2008, cotton production in our region was 2 million 700 thousand tons, of which 450 thousand tons of cotton were used locally, and the remaining 2 million 250 thousand tons needed to be sold to the mainland.

However, due to the high pportation cost and the difficulty in outward pportation, 630 thousand tons of cotton have not been shipped out in our region, of which 80 thousand tons are the national cotton reserves of the previous year.

To help solve the problem of high cost of pferring cotton from the mainland to Xinjiang, and to protect the enthusiasm of Xinjiang to develop the cotton industry, the Ministry of Finance recently promulgated the Interim Measures for the management of the cost of removing the cotton from the warehouse, and decided that the central government's subsidy should be 400 yuan per ton, regardless of its grade and length.

The Interim Measures stipulate that financial subsidies can be enjoyed by cotton purchasing processing enterprises, cotton business enterprises and textile enterprises with the ownership of cotton.

The subsidy for the cost of moving out of the cotton warehouse was calculated from September 1st to August 31st of next year, and the subsidy period was tentatively scheduled for 2007 to 2010.