Ministry Of Commerce: The Export Tax Rebate Rate Of Some Products Will Be Lowered.

In June 12, 2010, the Ministry of Commerce spokesman Yao Jian confirmed that the export tax rebate rate of some products should be lowered this year.

Yao Jian explained after the regular briefing of the Ministry of commerce that the adjustment of the export tax rebate policy is based on the task of saving energy and reducing emissions this year, which is the guidance of China's economic policy as a whole and the trade policy should also be coordinated.

In the first four years of the 11th Five-Year plan, the energy consumption per unit of China's GDP decreased by 14.38%, which means that this year we must drop more than 5.62%. Only in this way can we achieve a target of 20% reduction in energy consumption during the period of 11th Five-Year. However, in the first quarter of this year, the energy consumption per unit of GDP increased by 3.2%.

According to the information disclosed by the teleconference of the national energy saving and emission reduction work in early May, the energy consumption per unit GDP climbed in the first quarter, mainly due to the rapid growth of the high energy consuming industries such as electricity, steel, building materials and petrochemical industries.

Yao said that with the implementation of the national policy of energy conservation and emission reduction and green environmental protection, some policies on some products may be adjusted. But he did not give specific products. The final catalogue will be announced by the State Administration of taxation.

Yao Jian said that since the end of 11th Five-Year this year, the pressure of energy saving and emission reduction is very large. Therefore, the adjustment of export tax rebates for some products should be implemented this year. Even so, the overall policy of foreign trade, whether it is export tax rebate policy, or financial tax and trade facilitation policy, is generally stable.