Textile Exports To Europe And The United States Will Be Fully Abolished Next Year.

Zhongshan Internet news has followed the national textile and garment export tax rebate rate recently, textile and garment export enterprises have gained favorable results.

The reporter learned from the Zhongshan inspection and quarantine bureau that, according to the 242nd paragraph of the report of the working group on China's accession to the WTO, the textile special measures will expire in December 31st of this year, and the Sino US bilateral memorandum of understanding on textiles will end at the same time.

Since January 1, 2009, the Ministry of Commerce will no longer carry out the export volume of textiles exported to the United States and the management of license management and export licence.

According to statistics, in the first three quarters of this year, Zhongshan inspection and Quarantine Bureau exported 40569 batches of Zhongshan garments, 205 million 796 thousand pieces and 845 million dollars, and the value of goods increased by 3.7%.

However, the number of garments exported to the EU increased by nearly 50% over the same period last year, and the value of goods increased by nearly 60% compared with the same period last year. The main reason is that the quota of textile and apparel exported to Europe has been abolished since this year, and the management of export licenses will be abolished from next year.

"The export rebate rate will be raised two times a year. The US and Europe will no longer impose restrictions on exports next year. The textile and garment enterprises will be 1, and winter will be 1; compared with other industries, they will be much more fortunate.

"The head of the Zhongshan inspection and Quarantine Bureau said," however, at present, the international financial market turbulence, the world economic growth has slowed down obviously, the unstable factors of foreign trade export have increased obviously. The textile and garment related industry associations and chambers of commerce should give full play to the role of bridge and link, carry out the coordination work of self-discipline and mutual law, and safeguard the stable and sustainable development of textile exports.

Textile exporting enterprises should actively change their concepts, adapt to the new situation as soon as possible, and arrange for the export plan in an orderly manner in 2009, so as to avoid blind expansion of production capacity.

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