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China
to Tax Textile Exports in 2005
The Ministry of Commerce has announced eight
measures to ensure healthy development of Chinas textile exports
once the global textiles market is liberalized in 2005. They are: (1)
Levying an export tax on certain textile products to encourage high added-value
product exports. (2) Reinforced government support of enterprises through
timely distribution of export information; (3) Circulating textile industry
investment growth information, assisting in risk management and avoiding
over-investment in the sector; (4) Encouraging enterprises to invest overseas
by providing trade convenience and policy support; (5) Bringing the role
of intermediary organs into full play (6) Promoting ISO9000 quality control
and ISO14000 environmental protection standards in line with international
practice; (7) Encouraging enterprises to develop and cultivate their own
brands and increase investment in research, development and design; and
(8) Strengthening bilateral and multilateral dialogues between governments,
industrial organizations and enterprises in order to further cooperation
and safeguard the interests of Chinese enterprises.
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