Those Days When The Diary Is Ignored By China Australia FTA

The signing of July (hereinafter referred to as the "agreement") has been more than 1 months.

The mainstream media once gave high attention to this Agreement on Trade and investment liberalization at a higher level.

Through the Baidu search keywords, I found that the relevant news amounted to more than 7.5 articles.

This thought that the tax reduction related to the industry should be well under the online bombing of the online and offline businesses has attracted the attention of the enterprises. But after communicating with several textile and garment enterprises in Australia, it is found that they are not clear about the relevant tax reduction rules, and little is known about the procedures for applying for tax relief.

The attitude of the agreement can be divided into two categories:

These have export business to Australia.

The annual export volume of enterprises is from $3 million to ~3000 million.

Their attitude towards the agreement is generally divided into two categories: some enterprises believe that the beneficiaries of the agreement are mostly concentrated on products imported from Australia, such as dairy products, beef, wine and so on, and our preferential export of textiles and garments to Australia is limited.

Another part of the enterprises believe that it will take 35 years for Chinese textile and apparel enterprises to enjoy preferential tax reduction. The tariff level will remain unchanged until then.

As a matter of fact, China's textile and apparel products are the best products of China's Australian FTA.

In Australia's tariff reduction schedule for China, there are 911 8 tax code textiles and garments.

After the entry into force of the agreement, all the other textile products will be reduced to zero duty except for the carpet products. Most of the garments will be reduced to zero tariffs in 3 years. Only a few products can be reduced to zero tariffs in 5 years.

Insiders pointed out that, under normal circumstances, the FTA will come into effect within six months from the date of signing. At that time, enterprises can view relevant announcements through the government website.

From now on, enterprises can handle preferential tariff treatment according to the process.

Tax reduction should arouse enterprises' attention.

The tax reduction efforts should have attracted the attention of enterprises, but most enterprises have ignored the good ones.

The reason is mainly related to the small size of the Australian market and the lack of relevant professionals in small and medium-sized enterprises.

It needs to be pointed out that

Although only 24 million people, the market is highly dependent on China's textiles and clothing.

According to statistics from China, textile and clothing exports to Australia have increased year by year in recent years.

According to Australian statistics, China is the largest source of imports.

In order to enhance its competitiveness and stand on the same line with other Southeast Asian countries, China's textile enterprises should pay attention to the tax reduction rules in the agreement.

At the same time, enterprises should also invest more in the allocation of professional talents.