Textile Export Downturn Is Expected To Adjust At The End Of The Year.
服裝出口市場依舊低迷
The Ministry of Finance and the State Administration of Taxation issued the notice on adjusting the export tax rebate rate for some textiles and garments. The circular pointed out that after the approval of the State Council, the export tax rebate rate of some textiles and garments increased from 11% to 13%, and has been implemented since August 1, 2008. "The introduction of this policy is good news for the whole industry. It is a tonic for 1/3's good companies, but for 2/3's poor companies, it's just a shot in the arm." Gao Yong, vice president of China Textile Industry Association, compares the effect of export tax rebate policy on enterprises. But at the same time, the figures released by the General Administration of Customs in China are not optimistic: in the first 9 months of this year, the export of clothing and accessories in China was 87 billion 80 million US dollars, an increase of 1.8%, down 21.2 percentage points from the same period last year.
The good news of export tax rebate policy implemented since August 1st failed to achieve export growth in 8 and September, and export growth still showed a downward trend, which reflected the downturn of garment export market from one aspect. Experts believe that in the next 1~2 years, the whole textile service industry is still "cold winter".
As a result, the voice of the export tax rebate rate has been raised again. Recently, the export tax rebate rate for textile products will be raised to 15% again in the near future.
It is expected to be raised to 15% by the end of the year.
Du Yuzhou, chairman of the China Textile Industry Association, yesterday appealed to the export tax rebate rate to "recover to 15%", and hoped that the government could strengthen its social and public services for SMEs, including training and support in technology, information technology and logistics. "The intensity of the increase to 15% is still relatively weak. I think it is more appropriate to raise the export rebate rate of some textile products to 17%." Wang Qian, editor in chief of China's first textile network, believes that according to the analysis of the current foreign trade situation, it is likely that the export rebate rate of textile products will be raised again in the fourth quarter of this year: "the export tax rebate rate for home textiles and clothing is expected to be substantially raised to the highest level in the history of our country - 17%."
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