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Opening up to the outside world: 1585 items of tax items, import tariffs again in November

Opening up to the outside world: 1585 items of tax items, import tariffs again in November

Classification:
NEWS CENTER
2018-12-17
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[Abstract]:
In November, the UK's light luxury handbag brand Mulberry launched a smart vending machine with a sense of technology and experience in its newly opened flagship store in Regent Street, London.
"I often buy imported coffee, beverages and some foods, mainly because of the unique taste and good quality. Some new and different styles of products can also stimulate the freshness of the purchase." A Carrefour supermarket Shuangjing shop imported goods area Consumers who buy canned drinks told the China Times reporter.
Recently, the reporter visited Carrefour, BIT import supermarkets, green leaves and many other imported supermarkets in Beijing and found that imported goods such as red wine, beer and beverage, infant milk powder, fresh fruit and specialty fruit and vegetable products and household goods are very popular among Chinese consumers. In shopping malls and clothing accessories stores, Chinese consumers are increasingly demanding imported clothing and wearing supplies.
 
Exports have always been regarded as a "strong heart" to boost China's economy. Expanding and increasing exports are conducive to promoting national economic development. In recent years, in the process of accelerating China's opening to a higher degree of opening up and economic transformation and upgrading, With the growing demand for a better life and the high-quality development of the national economy, the expansion of imports has been given a new mission. While stimulating domestic consumption to expand domestic demand, China’s opening up to the outside world has continued to increase.
 
Following the reduction of import tariffs on daily consumer goods for 1,449 tax purposes on July 1 this year, the State Council once again promoted the import tariff rate for industrial goods such as 1585 tax items from November 1 this year. So far, this year, China has introduced tariff reduction measures that are expected to reduce corporate and consumer tax burdens by nearly 60 billion yuan, and China's total tariff level will be reduced from 9.8% in 2017 to 7.5%.
 
On September 26, Premier Li Keqiang presided over the State Council executive meeting to determine measures to promote the landing of major foreign investment projects, reduce import tariffs on some commodities, and accelerate the promotion of customs clearance, and promote a higher level of opening up. It is determined that from November 1 this year, China will reduce the import tariff rate of 1585 items of industrial products such as tax items.
 
This time, the import tariff rate of 1585 items of industrial products such as tax items will reduce the average tax rate of mechanical machinery, instrumentation and other mechanical and electrical equipment with a large demand in the domestic market from 12.2% to 8.8%. The average tax rate for textiles, building materials and other commodities will be 11.5.% fell to 8.4%, and the average tax rate for some resource products and primary processed products such as paper products fell from 6.6% to 5.4%, and the tax rate for similar or similar goods was reduced.
 
“Reducing the import tariff has the most direct impact on the current Chinese economy is to lower the threshold of global resource allocation.” Bai Ming, deputy director and researcher of the International Market Research Department of the Ministry of Commerce, believes that China is currently a big trading country, and the shortcoming is the future supply. The important part of the side structural reform, it takes a long time to rely on China's own ability to make up the shortcomings. By expanding and increasing imports to complement each other, using foreign superior resources to supplement the shortcomings will be faster, thus inciting The role of the Chinese economy in "four or two."
 
The "China Times" reporter learned that this is the sixth time China has reduced import tariffs in the past three years. Previously, since June 1, 2015, China has lowered import tariffs on 14 items of skin care products, woolen garments, shoes and diapers. Since January 1, 2016, China has reduced some bags and clothing, scarves, blankets, Import tariffs on 16 items such as sunglasses;
 
Since January 1,2017, China has reduced import tariffs on 16 items of cultural consumer goods such as tuna, arctic shrimp, cranberry and other specialty foods and sculptures; since December 1, 2017, China has reduced food and health care. Import tariff rates for 187 items of consumer goods such as products, medicines, daily necessities, clothing, shoes and hats, household equipment, cultural entertainment, and miscellaneous department stores; from July 1, 2018, China further reduced daily consumer goods involving 1449 items. Import tariffs.
 
According to the "Statistical Analysis Report on the Supply and Demand of Major Consumer Products" issued by the Ministry of Commerce in the first half of this year, Chinese consumers have strong demand for imported goods. More than 20% of consumers who purchase imported goods account for more than 30% of total merchandise consumption, and over 30% of consumers plan to increase consumption of imported goods in the next six months. At the same time, Chinese companies are more willing to expand imports.
 
Bai Ming believes that many domestic commodities cannot meet the needs of consumption upgrading, and it is necessary to expand and increase the shortcomings of import demand. Secondly, short-term production investment, some high-tech products, domestic industry can not self-satisfaction, and the development of China's manufacturing industry, the demand for various raw materials, bulk commodities, also requires a large number of imports. In this case, lowering import tariffs will help the Chinese economy to fill the shortcomings and expand the scope of optimal resource allocation.
 
“Reducing import tariffs and thus reducing the import costs of enterprises and consumers.” In Bai Ming’s view, reducing import tariffs has the dual effect of competition and incentives for enterprises. For domestic enterprises, it does create competitive pressure, but on the other hand, it encourages domestic enterprises that have survived and developed under the protection of trade to better learn from foreign advanced technology and management experience and enhance the urgency of domestic enterprises. Forced domestic enterprises to reform and industrial upgrading. "In the early stage of reform and opening up, more is to reflect the effect of competition. At this time, it needs to be gradually released. At present, the strength of many industries in China is relatively strong. Based on this situation, the meeting will bring more incentive effects. Bai Ming said.
 
The State Council executive meeting on September 26 also pointed out that in response to the current complicated domestic and international situation and maintaining stable and healthy economic development, it is necessary to continue to expand domestic demand while unswervingly expanding opening up and implementing a more proactive open strategy.
 
Bai Ming believes that China is currently a big trading country, but it is not a trade power. Reducing import tariffs and expanding imports demonstrate China's determination to further expand its openness. If a relatively high trade threshold is maintained, a large country that relies on a large protective component of trade cannot become a trading power. To build a strong trading country, we must first make great efforts to expand imports, make good use of foreign resources, reduce market protection, and lower tariffs to better expand the allocation of global resources.
 
As China expands its opening to the outside world, compressing customs clearance time and reducing customs clearance costs are the most important tools for promoting trade facilitation.
 
"The convenience of customs clearance and speeding up the timeliness of import and export have substantial significance and value for enterprises." Wu Weifeng, deputy general manager of Jiangsu Sumeda Textile International Trading Co., Ltd. told the China Times.
 
While reducing the import tariff rate, the State Council executive meeting on September 26 also proposed that China will further accelerate the process of customs clearance facilitation. From November 1 this year, the number of regulatory documents required to be verified at the import and export links will be reduced from 86 to 48. Non-compliance charges will also be cleared. Before the end of October, the list of local port charges will be announced to the public by the localities. No charges will be charged outside the list. At the same time, the compliance cost of container import and export links during the year was reduced by more than US$100 compared with last year, and the coastal ports should be significantly reduced.
 
The "China Times" reporter learned that the State Council executive meeting on September 18 also proposed to promote a higher level of trade facilitation. This year, the import and export customs clearance time, import and export supervision documents will be compressed by one third and the customs clearance will be reduced. cost. The examination and approval of import and export links will be reduced. Before November 1 this year, all the regulatory documents required to be verified at the port will be fully connected to the Internet and checked in the customs clearance .
 
In recent years, China has launched a number of initiatives and achieved remarkable results in reducing customs clearance time and simplifying the customs clearance process. According to the statistics of the General Administration of Customs, the customs clearance time for imported goods in China was 15.9 hours in 2017, 9.2 hours less than 2016, shortened by 36.7%; customs clearance time for export goods was 1.1 hours, 0.7 hours less than 2016, shortened by 38.9%. This means that the import and export time of China's goods trade in 2017 has been compressed by one-third.
 
Bai Ming said that customs clearance is an important manifestation of trade facilitation. The Doha round of negotiations has not yet been completed, indicating that trade liberalization is becoming more and more difficult, but in terms of trade facilitation, there are still many homework jobs in China. For example, the single window that has just been built, as well as the information construction and paperless operation, will continue to advance.