Recently, the market rumors that textile and apparel export tax rebate rate will be reduced by 5 points to 11%, a person in the Ministry of Commerce denies this rumors.
After the “**†in 2011, the government further spread the news that “high pollution, high energy consumption, and resource-based†“two high and one resource†industries lowered export tax rebates. It was revealed that this involved export clothing. More than one hundred tax IDs for goods.
The rumors pointed out that the relevant ministries and commissions will lower the clothing export tax rebate rate on April 1. However, this news was met with strong opposition from the Ministry of Commerce and the Ministry of Industry and Information Technology.
The market rumors that textile and garment export tax rebate rate will be reduced by 5 points to 11%, the above-mentioned Ministry of Commerce pointed out that given the current cost of textile exports are facing greater cost pressure, the possibility of a substantial reduction in the short term is relatively small, but the transformation of export-oriented from China Looking at the direction of development, the gradual reduction or even the cancellation of the future will be a major trend. This is related to the transformation of China’s foreign trade policy from an “export strategy†to an “import strategy†and is in line with the transformation of the “Twelfth Five-Year Planâ€.
After the “**†in 2011, the government further spread the news that “high pollution, high energy consumption, and resource-based†“two high and one resource†industries lowered export tax rebates. It was revealed that this involved export clothing. More than one hundred tax IDs for goods.
The rumors pointed out that the relevant ministries and commissions will lower the clothing export tax rebate rate on April 1. However, this news was met with strong opposition from the Ministry of Commerce and the Ministry of Industry and Information Technology.
The market rumors that textile and garment export tax rebate rate will be reduced by 5 points to 11%, the above-mentioned Ministry of Commerce pointed out that given the current cost of textile exports are facing greater cost pressure, the possibility of a substantial reduction in the short term is relatively small, but the transformation of export-oriented from China Looking at the direction of development, the gradual reduction or even the cancellation of the future will be a major trend. This is related to the transformation of China’s foreign trade policy from an “export strategy†to an “import strategy†and is in line with the transformation of the “Twelfth Five-Year Planâ€.
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