China Cuts Inspection Fees on Textile Exports
May 14, 2009 Reporting by Zhou Xin and Alan Wheatley
via Reuters
China is cutting customs inspection fees on textile exports this year in a move to help the sector, which is a big provider of jobs, the Ministry of Finance said recently.
Fees on textiles exported between Jan. 1 and Dec. 31, 2009, will be cut by 30%. The usual charge is 0.15% of the declared value of the shipment.
China’s exports of garments in April were down 11.2% from a year earlier at $7.37 billion, while exports of cloth and woven products fell 14.4% to $5.12 billion, according to customs figures.
China has also increased rebates of value added tax to aid textile exporters. The industry employs an estimated 19 million people.
0
1
5
China Cuts Inspection Fees on Textile Exports
GET THE NEWSLETTER TODAY!
NEWS