India'S Overall Competition For China'S Export Tax Rebates For Leather Goods

Textile, clothing, leather products, toys export......

The three most active overseas markets in China's foreign trade will encounter a total rush from India.

He learned from the Ministry of commerce that a long series of measures to encourage exports of the India government has been officially promulgated.

Among them, about $350 million was allocated to subsidies for export enterprises, and the export rebate rate of textile and clothing, leather products, handicrafts, toys and other products increased by 3%, and the export rebate rate of other products increased by 2%.

As for India's policy adjustments to expand exports, the Chinese side still lingers in the key links with trade with the US Department of Commerce.

Liang Yanfen, director of the world trade and Economic Research Department of the Ministry of Commerce of China, said earlier that India will exert pressure on China's textile exports. The former textile has shown its potential to replace the Chinese market.

At the same time, in view of the impact of the large-scale recall of Chinese export toys encountered by US companies, India export toys, which are equally competitive in the market, will also have an economic impact on China's export toy market under preferential measures such as raising export tax rebates.