Home / News Type Content Tools: Save | Print | E-mail | Most Read | Comment
China to Levy Export Tax on Textile Products
Adjust font size:

China will levy an export tax on textile products in 2005, the Ministry of Commerce (MOC) said Friday.

The tax will be collected according to the volume of exports and the rate will be 0.2 yuan (US$0.024) or 0.3 yuan (US$0.036) per item or 0.5 yuan (US$0.061) per kilogram, said Lu Jianhua, director of the MOC foreign trade sector.

According to Lu, China will levy the tax on 31 kinds of textile products in six categories in all trading forms and to all overseas market in 2005, when all the World Trade Organization members will remove quota on textile products.

Experts said that such measure will help improve the structure of Chinese textile exports and achieve the common development with other trading partners.

China is the world's major exporter of textile products with its export value reaching 77.5 billion US dollars from January to October this year. The United States, European Union and Japan are its top three importers.

(Xinhua News Agency December 31, 2004)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Six Types of Textile Exports Face Duties
- Turkey Asked to Revoke Textile Import Limits
- Textile Tariff Details Unveiled
- Export Tariff Rates Announced
- Panels to Monitor Export Orders
Most Viewed >>
- World's longest sea-spanning bridge to open
- Yao out for season with stress fracture in left foot
- 141 seriously polluting products blacklisted
- China starts excavation for world's first 3G nuclear plant
- Irresponsible remarks on Hu Jia case opposed 
- 'The China Riddle'
- China, US agree to step up constructive,cooperative relations
- FIT World Congress: translators on track
- Christianity popular in Tang Dynasty
- Factory fire kills 15, injures 3 in Shenzhen

Product Directory
China Search
Country Search
Hot Buys