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China increases export tariffs on textiles
(Xinhua)
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.
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