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China:The adjustment project for textile export drawback is turned down

China:The adjustment project for textile export drawback is turned down

Write: Alyssa [2011-05-20]
The adjustment project for textile export drawback put in by National Development & Reform Commission is turned down at present.
It is disclosed that State Department think that the decreasing range of export drawback tariff rate is too wide, so The project is re-negotiated. More specifically, the export drawback rate of textile industry may not be decreased while the one of industry with high pollution, high resource cost, resource depending is declined but the range for it will not wide.
It is said that government worry enterprise can not endure the adjustment and hold the hot potato of unemployment. In such difficult circumstance, it is estimated that export drawback rate of textile industry will not be decreased while the decreasing range of industry with high pollution, high resource cost, resource depending such as steel will not so wide as the one put forward previously.
The news show that industry with high pollution, high resource cost, resource depending will be decreased by about 2%, the one for steel may be decreased from 13% to 8%.