Quanzhou Sports Shoes Export ASEAN Is Expected To Grow

From next year, the state will further adjust import and export tariffs. What will this tariff adjustment bring to our industry?

In this regard, the relevant departments said that the traditional manufacturing industry is not affected, and that the import of agricultural products will benefit from it, and that our city's export to ASEAN is expected to grow.

Quanzhou's manufacturing has not been affected. As of yesterday, the Ministry of finance has not yet published the tariff adjustment rules.

However, insiders told reporters that although China's tariff policy is adjusted every January 1st, and this practice has lasted for more than 10 years, the tariff adjustment has little effect on Quanzhou's manufacturing industry.

It is understood that this round of tariff adjustment, levy or increase export tariffs products are not high energy consumption, high pollution, that is, resource products.

From the known information, the export tariffs of coal, crude oil, metal ore, wood pulp, coke, ferroalloy, billet and some steel products and urea and ammonium dihydrogen phosphate will be increased than before. However, the traditional industries such as footwear, clothing, stone, ceramics, tree fat, bags and other traditional industries in our city are basically not within the scope of export tariff adjustment.

The export of ASEAN is expected to grow. Reporters learned from the customs department that this tariff adjustment has imposed a lower agreement tax rate on some imported commodities originating in ten ASEAN countries, Chile, Pakistan, South Korea, India, Sri Lanka and Bangladesh.

According to the data of the Municipal Bureau of external affairs, ASEAN has become the fourth largest trading partner and the fourth largest source of foreign investment in our city.

As the earliest overseas market developed by "Quanzhou manufacturing", ASEAN market was once the dominant direction of our city's export.

In the 90s of last century, from clothing, sports shoes, luggage and ceramics, several major industries in our city have made remarkable achievements in the export of ASEAN.

Many factors, such as large population, low tariffs and quota free, determine ASEAN as a potential big market.

It is foreseeable that some enterprises in our city will re export their focus to ASEAN under the attraction of the "agreement tax rate lower than the most favored nation tax rate".

Part of the import price may be cut down, and export is not only unaffected, but it is also expected to benefit from it. So what about imports?

From the perspective of production, China will introduce provisional tariff rates for more than 600 kinds of commodities next year, including stone materials, which is a good news for the two major industries of traditional stone processing and stone carving in our city, which means that the price of raw materials is expected to steadily decrease next year.

From the perspective of people's livelihood, X light, artificial plasma raw materials, household appliances and other public health related products and some household products are also in the ranks of import provisional tax rates. This preferential tax measure is expected to reduce the price of some medicines and medical products, and may lead to a new round of price wars for domestic appliances and household products.

In addition, in terms of agricultural products, China will continue to fulfill its WTO tariff reduction commitments next year, and further reduce import tariffs on 45 commodities such as fresh strawberries, which means that the public will enjoy cheaper imported fruits and imported foods.