Guangdong Shoes And Clothing Enterprises Export Tax Rebate Regulation Effect Is Obvious

In the first half of the year, the export of clothing and accessories and toys in Guangzhou has seen a negative growth. The adjustment of the large-scale export tax rebate policy since last July has achieved obvious results.

Guangzhou customs latest data show that policy adjustment in the past year, Guangzhou region's commodity export growth slowed down significantly.

While the export of "two high and one capital" products has been suppressed, the new deal has also led to a continuous decline in grain exports.

Guangdong's exports were most affected in July 2007, and the Ministry of Finance adjusted the export tax rebates for 2831 commodities.

In December of the same year, the export tax rebates for raw grain and its milling products under 84 tax provisions were abolished.

According to Guangzhou customs statistics, in the first half of this year, Guangzhou's export policy adjusted commodities to US $8 billion 720 million, and export value decreased by 3.1%, compared with 28.2% year-on-year.

In the same period, Guangdong's export policy adjusted commodities by US $60 billion 900 million and export value decreased by 3.5%.

The export value accounts for 28.2% of the same commodities in China, and the export growth rate has decreased from a rise to a decline. Compared with other main export provinces and cities, the export volume of goods exported by Guangdong has been most affected by the export tax rebate rate adjustment policy, which is still basically maintained by more than 10%.

In the first half of this year, the gross value of merchandise exports accounted for 42.6% of the total value of foreign trade in Guangzhou and 7.5 percentage points.

This is due to a 3.1% reduction in commodity exports in policy adjustment in Guangzhou, while Guangzhou's overall export growth in the same period was 14%.

Guangdong's policy adjusted gross merchandise exports accounted for 5.5 of the total value of the total export volume of the province, accounting for 32.4%.

From the point of view of export commodity structure, the traditional export commodities such as garments and accessories, furniture, footwear and other traditional export commodities with the largest amount have been adjusted. In the first half of the year, the export of clothing and accessories and toys in Guangzhou has increased negatively, and exports have decreased by 3.5% and 6.8% respectively.

In recent years, the export of "two high and one capital" products has always been the focus of national regulation and control.

After adjusting the tax rebate rate for a series of products last year, the effect is obvious.

Take aluminum as an example. In the first half of this year, the amount of aluminum exports under the export tax rebate rate of Guangzhou was 9 million 403 thousand US dollars, and the sharp drop of 97.1% was the largest change in the tax rebate rate adjustment.

It is reported that last year aluminum exports amounted to US $320 million, an increase of 4.1 times compared with the same period last year.

Meanwhile, at the end of last year, after the three major policies of abolishing export tax rebates, levying provisional tariffs and implementing export quota management, the export volume of such commodities continued to fall.

In the first half of this year, 4113.5 tons of Guangzhou's raw grain and its milling export were valued at $1 million 456 thousand, a sharp decrease of 86.2% and 82.5% respectively.

Guangzhou customs analysts believe that because of the policy adjustment in the first half of this year, the total value of merchandise exports accounted for more than 40% of the total value of Guangzhou's foreign trade exports, while the Guangzhou region exported 20 billion 460 million US dollars in the same period, an increase of 14%, an increase of 8.1 percentage points over the same period last year, which has greatly affected the export of Guangzhou in the same period.

Guangzhou customs recommended that the relevant departments and export enterprises in Guangzhou should adjust their export strategies in a timely manner in the "double pfer" industrial structure adjustment implemented in Guangdong, further optimize the structure of export products, and take positive measures to ensure stable export growth.