The clothing market is still in the doldrums, export tax rebate rate is expected to be raised to 15%

This week, we have been paying attention the information of improving textile export tax rebate, hope this day can come true, do not know exactly how the results, at least those of us who do textile trade saw the hope, made contributions to the country.

The foreign trade situation is very bad in the last few weeks without any inquiry. Seem to have adopted a wait-and-see and cautious attitude, in this economic crisis growing period, I think there is no good way to quickly ease, still look forward to the country to give greater support and encouragement policy.

At least in the winter, let us feel a ray of light and warmth, which is very good.

Business community on October 21    on the 17th executive meeting of the State Council required to improve apparel, textile and other labor-intensive products and high value-added mechanical and electrical products export tax rebate rate, to support competitive enterprises and exports. It is estimated that the export tax rebate rate of textile clothing will be once again raised 15%.

Garment export market is still in the doldrums

On July 31 this year, the Ministry of Finance, State Administration of Taxation issued a "adjust the textile and apparel export tax rebate rate note", the notice pointed out that State Council approved that part of the textile, clothing export tax rebate rate improved from 11% to 13%, since August 1, 2008 implementation. Introduction of this policy is a good news for the entire industry, for 1/3 of good business is a tonic, while the 2/3 of worse businesses is just warning. China Textile Industry Association vice president Gao Yong in the case of metaphor in the evaluation of export tax rebate policy to increase the role of the enterprise.

But at the same time, the General Administration of Customs announced China's textile clothing export figures is not optimistic: the first nine months of this year, China's clothing and accessories exports of $ 87.08 billion, an increase of 1.8 percent, 21.2 percentage points lower than the same period last year (below). Export tax rebate policy implementation from August 1 failed to achieve the garment export growth in August and September, the growth rate of exports still show a downward trend, which reflects garment export market downturn. The experts believe that the next 1-2 years, the textile industry "winter" continue.

Ever since, the voice raised the export tax rebate rate is constantly increasing. Recently, the rumors said that export tax rebate rate of textile clothing will soon be again raised to 15%.

Expected to increase to 15% at the end of the year

China Textile Industry Association Du Yuzhou yesterday called for the export tax rebate rate to "restore to the original 15 percent" and hope that the Government can strengthen the social and public services for SMEs, including training in technology, information technology, logistics.

Raised to 15% is still relatively weak, I think part of the textile products export tax rebate rate raised to 17% is more appropriate. "China Textile Network editor-in-chief Wang Qianjin said, according to the current foreign trade situation, the government is likely to raised the export tax rebate rate of textile clothing in the fourth quarter of this year : "The export tax rebate rate for textile products and clothing are more likely to substantially raised to the highest margin in the history of our country - 17 percent."