The hottest export tax rebate will be raised again

Export tax rebate will be raised again, and the bargaining power of textile enterprises must be improved

from April 1, China's textile and clothing export tax rebate rate will be raised to 16%. This is another increase since the tax rebate rate was raised by 1 percentage point in early February this year. Since July last year, China has raised the export tax rebate rate of textiles and clothing for six times, totaling 6 percentage points. At a time when the impact of the international financial crisis is increasing, such export stimulus measures have brought benefits to the textile industry

the export tax rebate rate fell sharply and increased again

although it was expected by the textile industry to increase the export tax rebate rate again, the speed of this adjustment was unexpected. Industry experts pointed out that the sharp deterioration of China's textile and clothing export situation in the first two months of this year was the direct reason for the cost adjustment

the latest statistics of China Customs show that in the first two months of this year, China's cumulative exports of textiles and clothing amounted to US $21.9 billion, a year-on-year decrease of 14%, of which textile exports amounted to US $9.29 billion, a year-on-year decrease of 20.6%; Clothing exports reached US $14.62 billion, a year-on-year decrease of 11%

at present, the European Union, the United States, Japan and Hong Kong (mainly re exported to Europe and the United States) are still the main export markets of China's textiles and clothing, accounting for 60.55% of the total textile exports of countries with a deep understanding of the market-oriented and international economic and financial development trend

in the first two months of this year, China's exports to Europe, America and Hong Kong fell by double digits, while textile exports to Japan increased slightly due to the appreciation of the yen. East China Import and Export Commodities Fair is known as "China's foreign trade barometer". At the 19th China International Trade Fair, which ended in early March, China's textile and clothing trading volume fell by 30% year-on-year

the bargaining power of textile enterprises urgently needs to be improved

although the increase did not rise to 17% as expected by the industry to achieve a full tax rebate, textile and garment enterprises agreed that it was good news, so the textile sector in Shanghai and Shenzhen had been popular across the board

according to the estimation of China Textile Industry Association, the export tax rebate rate of textiles and clothing will be increased by 1 percentage point, and the textile industry will make a direct profit of 8billion yuan. In addition, customers should know what kinds of experiments they do when purchasing, and then complete the accessories. The greater role of the export tax rebate rate is to enhance the confidence and determination of textile enterprises to overcome difficulties. This year's spring Canton Fair will open on April 15. The release of this good news on the eve of the Canton Fair will undoubtedly boost the enthusiasm of textile and garment enterprises to participate in the fair

although the increase in the export tax rebate rate has brought many benefits, Wang Qianjin, China's first textile general manager, warned that when many enterprises regard the increase in the export tax rebate rate as a "lifesaving straw", the actual implementation effect of this policy will be greatly reduced

Wang Qianjin said that due to the continuous downturn in global market demand caused by the financial crisis, domestic textile enterprises with weak bargaining power have been difficult or even unable to receive orders. In this context, continuous improvement of export tax rebate rate is not a long-term plan after all, and the benefits for enterprises are only temporary rice husk powder

when investigating the survival of textile industry clusters recently, China Textile Association found that whenever China raised the textile export tax rebate rate, foreign buyers would lower the price during price negotiations, and the profits increased by raising the tax rebate rate were actually obtained by foreign buyers

Wang Qianjin stressed that if domestic textile enterprises only hope that the state will issue favorable policies to expand exports without improving their bargaining power in the international market, the benefits brought by the country's increase in the export tax rebate rate will become "talk on paper"

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