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The Policy Is Turning To &Nbsp; Uzbek'S Chinese Clothing Companies Are On The Right Track.

2011/7/21 10:11:00 35

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Recently, Chinese textile enterprises who have invested in Uzbekistan reflect that through consultation, Wu has agreed to compensate for the economic losses caused by foreign tax enterprises, including Chinese enterprises, through other channels.

"The Ukrainian side has decided that 15% of the preferential policies for cotton purchase will continue to be implemented, and on this basis, the discount rate will be 6%. This will compensate for 21% of the original 35% tax benefits, and the rest will be compensated through tax exemption from real estate taxes."

Shandong Yuncheng Heng Shi textile company Yang Deyuan told reporters.

It has been reported that, in order to protect the domestic cotton textile industry, Uzbekistan has abolished the export tax rebate policy with a tax rate of 20% from January 1st this year.

In addition, 15% of cotton textile enterprises' cotton price concessions are also in name only, resulting in the price ratio of Ukraine to cotton.

International price

It's more than 10 percentage points higher.

Affected by this, part of the Chinese cotton spinning enterprises that are discussing cooperation with Ukraine are going to suspend investment or divest.

At that time, an insider interviewed by reporter Heng Shi once revealed that the enthusiasm of the company in investing in Ukraine was badly hurt, so it had to maintain a wait-and-see attitude for the time being and join other textile enterprises to appeal to the Ukrainian government.

Yang Deyuan told reporters that the Ukrainian government began to implement Ukrainian export enterprises from January 1, 2005 onwards.

Export

The tax rebate system of 20% value-added tax is returned, and the quality of Wudang's cotton is better, and it can enjoy 15% of the preferential price for cotton purchase. Therefore, the company went to Uzbekistan last July to investigate and invest $22 million to buy a cotton mill in Andijon, but this policy has suddenly been cancelled since this year.

"For example, exporting a ton of lint worth 20 thousand yuan, before a ton can be returned to the enterprise 4000 yuan, after removing other costs, the enterprise is still profitable, but now the tax rebate has been abolished, and the profits of the enterprise will be gone."

Yang Deyuan said.

Reporters learned that the Ukrainian government

Foreign enterprise

The appeal is very important, and the governor even personally appeals to the enterprises.

After consultation, the Ukrainian side decided to carry out "amnesty" for a large number of enterprises, which will also be protected by the "presidential cabinet order" of the Ukrainian government.

"If there are any problems in the future, enterprises can also directly talk to the government on this basis."

Yang Deyuan said.

According to Yang Deyuan, there are several large textile enterprises in India and South Korea, who won the presidential cabinet order.

Henan Nanyang cotton Cotton Industry Group Co., Ltd. may also be listed among them.

At present, the investment of Heng Shi textile has been on the right track. The 36 thousand square meter factory purchased in Andijon is being pformed, and the production equipment has begun to be assembled and debugged in the country, which will soon be shipped to the country of Ukraine.

In addition, there are 10 staff members, including lawyers and managers.

Yang Deyuan told reporters that the first batch of enterprises to recruit more than 100 local workers is expected to be put into operation in October and 30 tons of cotton yarn per day after commissioning.

"The labor and cotton costs in Uzbekistan are low. In the case of labor, workers earn only 400 yuan ~500 yuan per month."

Yang Deyuan said.

Publicly available data show that Uzbekistan has attracted foreign capital in the textile sector for more than 1 billion US dollars since its independence and set up 50 joint ventures since its independence. Its output value has accounted for 88% of the total export value of Ukrainian textiles.