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Wto commitments to complete the import and export tariff adjustment has little effect on the plasti by wqegtf desvf





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Wto commitments to complete the import and export tariff adjustment has little effect on the plasti by
Article Posted: 08/14/2011
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Articles Written: 1248
Word Count: 682
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Wto commitments to complete the import and export tariff adjustment has little effect on the plasti


 
Business,Business News,Business Opportunities
HC plastic mesh News: Yesterday, the Ministry of Finance published on the website of the 2010 adjustment of import and export duties, which involved some of the varieties listed on the domestic futures market. But analysts believe that the tariff adjustment will not be much impact on the market.

Under notice, this Tariff adjustments, primarily related to MFN rates, annual provisional tax, agreement rates, preferential tariff rates and tax items and so on. Adjustment, the general tariff level of China's 9.8%. Including agricultural products (000 061) the average tax rate was 15.2%, 8.9% industrial average tax rate.

Our country will continue to fulfill WTO tariff reduction commitments from January 1, 2010, the reduction of fresh strawberries, six kinds of products, import tariffs continue to wheat, corn, rice and rice, sugar, cotton 7 kinds of agricultural products, as well as the implementation of urea fertilizer and other three kinds of tariff quotas, tariff quota on imports of a certain amount of cotton continued sliding tax rates remain unchanged. Dong Shu-Chi

stone futures, said a small number of varieties of agricultural products except import tariffs reduced, the wheat, corn, sugar, cotton and other commodities are still the main policy of extending the existing tariff quotas, in theory, will not cause significant impact on prices. His analysis, strongly support the national agricultural policy has always been continuity. Such as wheat, corn continue the implementation of import quotas will help mitigate international cheap agricultural products may be formed by the impact on the domestic market. Continue to implement the quota of cotton outside the sliding tax, reflects the interests of both the characteristics of the downstream industry, to protect the lower cotton prices stable Clothing Textile Sector stability and development.

It is learned that China's grain, cotton import tariff quotas of the policy is now out. Among them, 9.636 million tons of wheat, maize 7.2 million tons, 5.32 million tons of rice, cotton, 894,000 tons. Recently, it also has news that buy cotton textile enterprises to mitigate the difficult problem, the state will send 1.9 million tons imported cotton under the quota, including nearly 90 million tons of tariff quotas, and 100 million tons within the sliding tax quota.

Dong Shu-chi said that although the policy remains unchanged cotton imports in 2010, but there is the domestic market supply and demand gap, if it can be down 1.9 million tons of import quotas, impact on the market still exists, is expected to spread the U.S. cotton and cotton will be received domestic narrow.

Cotton imports by China may boost from large, international cotton prices surged to new highs during the year. Monday CBOT cotton rose 1.96%, to 75.77 cents / lb. Yesterday, Zhengzhou cotton rose 2.26% or 355 yuan or 16,070 yuan / ton.

Other industrial areas in order to promote Economy Restructuring, the promotion of Energy Resource conservation and environmental protection, this readjustment will include resources such as coal products, naphtha, vinyl chloride and other basic raw materials, implementation of the provisional tax rate lower annual import; to continue the implementation of choice of natural rubber, tax and due emphasis From the amount of tax levied on low standards; appropriately increasing the fuel oil, copper clad laminate, copper foil and other products imported provisional tax. And continue on crude oil, iron alloy, steel billet, some steel and other resources, productivity, high energy consumption, environmental-impact products to implement the provisional export tax rate. Ya-Qin Liu said that China International Futures

, fuel oil import tariff from 1% to 3% of the theoretical impact on prices in the range of 80-100 yuan / ton. However, since from 2007, China and Singapore fuel oil prices in the long inverted to form the actual loss of imports, so this would allow the inversion structure more clearly, but domestic prices did not have too specific effects.

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