Home >

Export Rebate Rate Rose To 17% Shandong Textile Profit Increase

2008/11/25 0:00:00 83

??? 日本語 Fran?ais English 中文

The Executive Council of the State Council decided to further increase the support for light textile industry and introduce six specific measures.

According to media reports, textile and garment products export tax rebate rate up to 17% has been approved at the meeting.

According to expert forecasts, if the growth rate is 10% next year, the general trade volume is about 10 billion 600 million dollars, and the export tax rebate rate will increase by three percentage points, the textile and garment industry of our province will increase profits by 320 million dollars.

Reporters learned from the Shandong Textile Industry Association, since the beginning of this year, the textile industry in Shandong has not seen a big rise and fall, and 4933 Textile Enterprises above Designated Size have not suffered large losses.

But some small businesses have gone bankrupt, and some enterprises have been temporarily shut down.

The first three quarters, the province's textile and apparel exports totaled $11 billion 730 million, an increase of 15% over the same period last year.

Nevertheless, our province's textile industry is still facing great challenges. As of now, only RMB appreciation has lost 4 billion yuan for the textile industry in the whole province. With the current international financial crisis, the average profit margin of Shandong's textile industry has dropped significantly.

After the tax rebate is raised, the list is ready.

The majority of the small profits enterprises will benefit from the export tax rebate increase, and the struggling days will be temporarily relieved.

This is the answer that the reporter calls Jimo many garment enterprises get.

Yang Weidong, general manager of the group, said that if the export tax rebate rate was raised by three percentage points, at least the profit would be more than about 30000000 yuan.