Home>News Center>China

China increases export tariffs on textiles
Updated: 2004-12-12 22:12

China will levy increased export tariffs on some textiles in preparation for the upcoming scrapping of global textile quotas, the Chinese Ministry of Commerce said in Beijing Sunday.

"This is part of a string of measures China will take to ensure a smooth transition for textile integration following the end of the quota system," said ministry spokesperson Chong Quan.

According to a World Trade Organization agreement on textiles and clothing, the quota system that has governed textile trade for four decades will expire on Jan. 1, 2005, ushering in the liberalization and integration of global textile trade.

Designed for the all-round, coordinated and sustainable progress of Chinese textile export, the new eight-point measures were adopted on the basis of suggestions from industry associations and textile and apparel producers, according to Chong.

The tariff will help encourage the export of high value-added products and optimize the mix of Chinese textile exports, Chong said. "The tariff rate will be set by considering the conditions of textile manufacturers."

Relevant departments at all levels will improve their services, releasing timely information on textile exports and regulating exports, Chong said.

Chong said related departments will offer timely information on the investment increase in the textile sector, improve risk warning for textile producers and fend off over-investment and repeated construction in the sector.

"The government encourages domestic companies to run businesses abroad and will facilitate their trade and offer favorable policies for textile companies intending overseas investment and getting involved in globalization," he said.

Intermediary organizations will play a greater role, industrial self-discipline will be strengthened, and industry standards will be promoted to help bring Chinese manufacturers' management in line with international practices, he said.

Various trade promotion measures will be taken to encourage textile and clothing corporations to create their own brands and increase input in research, development and design so that they can enhance their core competency.

According to the spokesman, multilateral and bilateral dialogues and cooperation will be increased among governments, industrial associations and manufacturers so as to safeguard the legitimate rights and benefits of Chinese companies and realize common development.

Chong called on Chinese manufacturers to prepare for increased trade protectionism against China and other difficulties following the end of textile quotas.

"Seeking a fundamental change in export growth patterns is a top priority facing China's textile sector," he said.

  Today's Top News     Top China News

Traffic situation improving in Beijing



Doctor: Yushchenko poisoned with dioxin



China increases export tariffs on textiles



First mainland media company to launch IPO



Human rights situation improved in China



Road accidents kill 96,870 this year


  Human rights situation improved in China
  36 miners missing in Guizhou coal mine flooding
  Road accidents kill 96,870 this year
  China, Thailand work out new anti-AIDS drug
  3.38 million students to graduate in 2005
  Beijing's public toilet staff to learn English
  Go to Another Section  
  Story Tools  
  Related Stories  
China mulls post-quota measures for textiles
Textile industry opposes US import limits
Textile quota lifting: Bane or boon?
EU to monitor China textile imports from 2005
Textile companies face new obstacles
  News Talk  
  It is time to prepare for Beijing - 2008