Since export tax rebates on exports of steels, medicines, non-ferrous metals and so on are cancelled, is it possible that the cancellation of tax rebates will cover textile and apparel?
According to an interview of deputy director general of Consumable Department of Ministry of Industry and Information Technology, Mr. Wang Wei, the export tax rebate on export of textile will not change.
He says that textile and apparel industry is a labor intensive industry, which shares a close relation to people's livelihood and social stability. As a result, the government will ensure it a good development environment so as to make it competitive in global market.
At the same time, he is concerned about some uncertain factors which will influence textile and apparel industry in the second half year. For instance, some industries will be restricted because they will heavily pollute the environment.
A survey was conducted by Ministry of Industry and Information Technology recently. It shows that some textile and apparel enterprises face many difficulties. Therefore, some advantaged measures for textile and apparel industry are under consideration.
He also points out that textile and apparel industry should speed its upgrade. What's more, he shows his concern about the price of apparels in second half year. In his opinion, apparel industry gains good profit mainly because materials used were purchased last year. However, the price of materials soar in the first half year of 2010 and the growth is higher than that of apparel price. So the apparel export tax rebate will unchange under such circumstance.
