Raise the export tax rebate rate for ships

2013-07-26 08:35

It is understood that on the 22nd, the Economic Construction Department of the Ministry of Finance proposed implementing trade policies that enhance industrial competitiveness, by moderately increasing export tax rebates for products with higher added value in the shipbuilding and textile industries to reduce business costs.

According to the news from the Asdaq News Agency, the Economic Construction Department of the Ministry of Finance proposed on the same day to guide enterprises to enhance their comprehensive competitiveness by focusing on their own brands, independent intellectual property rights, and independent marketing. Improve processing trade policies, focusing on improving industrial levels and processing depth, increasing domestic supporting capabilities, and promoting domestic industrial upgrading. Guide enterprises to build overseas marketing networks, enhance independent marketing capabilities, actively develop non-traditional export markets, and promote market diversification.

At the same time, it is necessary to improve the import and export tax system and export credit insurance policies to support the export of technology-intensive, knowledge-intensive, deep-processing products, and complete sets of equipment in key industries. Improve the export tax rebate policy. For major export-oriented industries such as shipbuilding and textiles, in the case of a relatively rapid appreciation of the RMB, the negative impact on the industry can be weakened by moderately increasing the export tax rebate rate for products with higher added value.

Companies involved in shipbuilding and textile foreign trade are expected to receive more export tax rebates, further reducing business costs. According to Dahui Wisdom News Agency, relevant companies include domestic textile companies such as Mengjie Home Textiles and Zhongyin Rongye, and shipbuilding companies such as China Shipbuilding.

On the 17th of this month, at a regular press conference, Shen Danyang, spokesperson for the Ministry of Commerce, also introduced that in the face of the severe foreign trade situation, according to the instructions of the State Council, the Ministry of Commerce is coordinating with relevant departments of the State Council to study and adopt measures to support foreign trade, and these measures will be introduced soon.

The overall idea of the measures is to provide enterprises with a trade environment that is conducive to both steady growth and structural adjustment; conducive to both stable exports and increased imports; conducive to both reducing export costs and developing new markets; and conducive to leveraging the comprehensive advantages of technology, brands, quality, and service.

Information from the Ministry of Commerce shows that in the first half of the year, foreign trade contributed only 0.9% to China's GDP growth, boosting GDP growth by 0.1 percentage points. In the second half of the year, China's foreign trade situation remains grim.