Home / Knowledge / News / Textiles / China's soda ash VAT rebate disadvantages Wyoming producers
China's soda ash VAT rebate disadvantages Wyoming producers
07
Oct '11
U.S. Senator Mike Enzi, R-Wyo., said the U.S. needs to go farther in addressing unfair trade practices that disadvantage Wyoming soda ash producers.

During a speech on the Senate floor, Enzi highlighted the recent efforts by Congress and U.S. officials to pressure China on its Value-Added Tax (VAT) rebate for soda ash.

“There are additional policies that our government needs to continue to press that disadvantage U.S. exporters including China's VAT rebate on soda ash. Wyoming soda ash producers can compete with the best but not when other nations stack the deck.”

China currently provides a 9% rebate for soda ash exports on its 17% Value-Added Tax. The rebate is provided to its domestic manufacturers as an artificial incentive to export more soda ash. Without this incentive, China soda ash producers would be forced to compete more fairly in the global market.

Enzi's remarks were part of the debate on a bill designed to persuade China to stop undervaluing its currency.

U.S. Senator Mike Enzi

Must ReadView All

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search