Relieving Foreign Trade Pressure And Raising The Export Tax Rebate Rate Since April
Premier Wen Jiabao chaired a State Council executive meeting on 25 th, and decided to raise some textile and clothing, light industry, iron and steel, nonferrous metals, petrochemical and electronic information products from April 1, 2009. Export tax rebate But the details of raising the export tax rebate rate were not announced.
Prior to this, the executive meeting of the State Council passed the industrial adjustment. Revitalization plan China will adjust some of its products. Export tax rebate Rate. Among them, 631 light industrial products will be raised. Export tax rebate The highest export tax rate will reach 13%. The export rebate rate of some commodities will be restored to the level before July 1, 2007. The export tax rebate rate of textile and clothing will be increased from 14% to 15%; the export tax rebate intensity of electronic information products will continue to be maintained; the export tax rebate rate structure of non-ferrous metal products will be adjusted; the steel industry will implement moderately flexible export tax policies to stabilize the international market share.
Zhao Zhongxiu, Dean of the Institute of international trade and economics of the University of foreign trade and economics, told the daily economic news that this time it will be improved.
Export tax rebate
The rate of products are included in the ten industry revitalization plan, but the policy effect may not be optimistic.
Data released by the Ministry of industry and information yesterday also showed that the export rebate rate of five products increased in the second half of last year, compared with 18.7% in the ~2 months of January this year, accounting for 49% of total exports.
Despite the promotion of the comprehensive policy effect of expanding domestic demand, the production of light industry and textile industry has recovered rapidly, but the export situation is still grim.
The value added of textile enterprises in January ~2 increased by 5.8% over the same period last year, but the value of export delivery decreased by 8.1%. In January, the export of steel products dropped by 52% in the month of January. Influenced by the changes of international economic and financial situation, the production and export of electronic manufacturing industry continued to decline significantly, and the export delivery value in the first two months was 19% lower than the same period, and the export decline continued to expand.
However, Zhao Zhongxiu analysis pointed out that at present, increasing the export tax rebate rate is a measure of equity, which can only alleviate the pressure of enterprises. Now the uncertainty of the whole external market is still very large, and the final demand is still decreasing. The effect of raising the export tax rebate rate is relatively limited.
The export tax rebate rate of steel, petrochemical and other industries will also increase at the same time.
Analysts believe that this is to deal with
financial crisis
The readjustment of the macro industrial policies in the past.
Earlier, in order to limit the "two high one capital" industry, the state increased their export costs by lowering the export tax rebate rate.
Editor in chief: Xu Qiyun
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