Home / Knowledge / News / Textiles / Govt considers adjustment in export tax rebates
Govt considers adjustment in export tax rebates
01
Jul '08
Mr Chen Shu Jin, Vice President of the China Textile Industry Association said that the Government is on its way to formulate a specific policy to maintain the sustained and healthy development of the textile industry. This initiative will be taken by Ministry of Commerce and the Ministry of Finance, led by Ou Xin Qian, Deputy Minister of the Ministry of Information Industry.

The discussions held earlier included the plan to increase two percentage points of export tax rebate rates for textile and four for garments. However, the amount of support that can be gathered in favor of the policy, still depends on the industrial and information based programs and also on the final approval of the State Council.

Custom statistics released in June shows that the total export of textile and garments in May stood at US $14.009 billion, a growth of 8.22 percent compared to the corresponding period last year. Of these, textile exports accounted for $5.969 billion, an increase of 23.02 percent while apparel exports commanded $8.04 billion, a drop of 0.64 percent.

On the other hand, in the period between January and May 2008, China's total exports of textile and apparel reached $64.328 billion, a growth of 13.69 percent compared with the same period last year. Among them, textile exports were $26.685 billion, an increase of 24.65 percent and garment exports were $37.643 billion, representing an increase of 7.03 percent.

It is hoped that with the adoption of suitable policies and sustained efforts, the Government can ensure an even better growth for the textile industry which in turn will lead to a more stable domestic market.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Giorgio Mantovani
Corman S.p.A

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search