Export Tax Rebate Is The Most Sensitive Word In The Textile And Garment Industry.

In the past, the textile and garment industry has repeatedly pulled out of the export tax rebate rate adjustment to get rid of the dilemma of the sharp decline in trade growth.

Among them, in order to get rid of the Asian financial crisis in 1998, the export rebate rate of textiles and clothing was raised from 6% to 11% in January 1998. 2005 was the golden peak of China's textile and clothing exports. In order to reduce the trade surplus, 2006 made the textile export tax rebate rate dropped from 13% to 11%, and then reduced to 5% (viscose fiber) in 2007. After the outbreak of financial crisis in 2008, the export rebate rate of viscose fiber was further raised from 5% to 14%.

The export tax rebate rate rose to 17%, mainly for the past 3 years, the textile and clothing exports continued to slump, the middle and low order accelerated to Southeast Asian countries and other unfavorable environment.

According to the analysis of the industry, the state adopted a relatively moderate and orderly regulation and control measures. 17% of the textile and garment export tax rebate rate once again gave enterprises breathing space and response space.

According to the General Administration of customs, textiles and clothing accounted for 13% of China's total exports in the first 11 months of 2014, but the growth rate slowed down significantly.

In the first 11 months, textiles,

Exports grew by 5.3% and 6% compared to the same period last year, less than half of the same period in 2013.

In 2014, the downward pressure on China's economy gradually increased. In the first three quarters, GDP (GDP) increased by 7.4% over the previous three quarters. The first three quarters increased by 7.4%, 7.5% and 7.3% respectively, while the growth of main economic indicators in October and November further slowed down, indicating that the economic growth in the four quarter has not been completely stabilized.

Although China's economy is still in line with the growth range set at the beginning of the year, the trend of economic inertia is gradually emerging. If we do not take further effective measures, it will surely have a negative impact on the economy in 2015.

Under the complicated and changeable export situation, most enterprises are expecting the stability of national policies.

In Ningbo, Zhejiang, export tax rebates affect everyone's nerves.

According to the data of Ningbo Municipal Bureau of foreign trade and economic cooperation, according to the export situation of Ningbo in 2013, the tax rebate rate adjustment involved 4327 enterprises in Ningbo, with a total export volume of US $14 billion 63 million.

Overall, the export tax rebate rate adjustment is a positive factor for Ningbo's textile and garment industry.

"Export"

Up regulation helps enterprises to reduce

To raise export profitability and enhance export competitiveness, the impact of tax rebate rate reduction on enterprises is vice versa.

Overall, the export tax rebate rate adjustment to our city's export commodities to a higher level, therefore, its impact on the export of our city is far better than the disadvantages.

Ningbo City Foreign Trade and Economic Cooperation Bureau Finance Department official said.

In Jiaxing, Zhejiang, in the past, the adjustment of export tax rebate was mostly based on the tax rebate rate. This time, the decentralization and decentralization are highlighted. This will greatly improve the efficiency of export tax rebates and reduce the cost of production and operation, which is a new breakthrough in the reform of export tax rebate mechanism.

What is particularly noteworthy is that the implementation of the "one belt and one way" strategy and the adjustment of the export tax rebate policy will not only enhance the strength of domestic textile and garment enterprises to enter the international market, reduce export resistance, but also help to digest domestic excess capacity and boost China's economy, and will also play an important role in promoting the recovery and development of the world economy.

But in the long run, demand and production capacity in Asia are also growing, especially in Southeast Asia, because of the labor cost advantage in recent years, textile and garment production capacity has been increasing.

Generally speaking, the improvement of export tax rebate is also a way for the state to regulate and control part of the industrial structure. The long-term trend of textile and garment industry is still survival of the fittest.