Shoes Export Tax Rebate Rate Increased By 2%

"Even if it's one percentage point."

Xie Rongfang, executive vice chairman of Wenzhou shoe leather industry association, yesterday hears the news that the export tax rebate rate of footwear products has increased from 11% to 13%.

He was busy with notifying the members of the association, but he did not forget to pass the good news to you through the Association website.

In November 17th, the Ministry of Finance announced the scope and tax rate of the third commodities export tax rebates raised in China since the beginning of this year, including 3770 labor-intensive products, electromechanical products and other products.

The adjustment will take effect from December 1st. It will increase the export rebate rate third times in the second half of this year, covering more than two times.

"This policy has made it clear that the tax rebate rate for shoes has increased from 11% to 13%.

This is great news for shoe factories.

Some enterprises with large export volume can save 1 million yuan -200 yuan in one year.

Xie Rongfang said, "the adjustment of the export tax rebate rate will help ease the tension of the capital chain of foreign trade enterprises, and is expected to further reduce the pressure on such labor-intensive export enterprises."

"We saved a number of small businesses that rely on tax rebates". Reporters learned yesterday from the Department of foreign trade and economic cooperation of China that footwear is a traditional trade commodity in our province. The total export volume of shoes in the whole province was 1-9 dollars last year, 2 billion 990 million dollars, and this year 1-9 months were 3 billion 300 million dollars.

"Despite the figures, the 1-9 months of this year increased from last year to last year, but in fact, the efficiency of Zhejiang's footwear export enterprises is decreasing due to exchange rate fluctuations, RMB appreciation and labor costs rising.

This year, compared with the same period last year, the efficiency of the 1-9 month has at least decreased by more than 10 percentage points, which is a negative growth.

Zhejiang Provincial Department of foreign trade and Economic Cooperation Office comprehensive analysis.

Before that, Zhejiang's shoe exports were mainly exported to Europe, America and Japan. Now some shoe companies are actively developing new markets, such as Russia and the Middle East.

Nevertheless, the total export volume of shoes in Zhejiang accounted for 3.2% of the total exports in the 1-9 months of last year, and this proportion dropped to 2.8% in 1-9 this year.

"In the first half of the year, the price of raw materials was high, and affected by the global financial crisis, the international demand was reduced, the export prices of footwear products were reduced, and the profit margins of footwear commodities were squeezed. Some of the shoe enterprises in Zhejiang were in the process of shutting down or halting production, and the situation was grim."

This person analyzed, "in this case, the state promptly raised the export tax rebate rate of footwear and other labor-intensive commodities, stabilized exports, and returned some profits to enterprises. It was a timely rain for enterprises and solved the urgent need of these enterprises.

In the short term, it is to continue the traditional industries, make the traditional industries develop normally, and save a number of small businesses that rely on tax rebates to survive. In the long run, it will also help promote the pformation and upgrading of traditional industries.

"How good is the export tax rebate rate?"

A group of data from the shoe leather industry association of Lucheng District of Wenzhou showed that 47 of the 283 member enterprises in the region were shut down and half stopped, and 26 were bankrupt, accounting for 25.8% of the total number of enterprises.

In the Ouhai District, 693 Enterprises above designated size were discontinued 42, accounting for 6.1% of the enterprises above Designated Size, and 73 of them were half closed down, accounting for 10.5% of Enterprises above designated size.

Xie Rongfang said, Wenzhou shoes enterprises in the export trade encountered many problems such as trade barriers and technical barriers. Now, under the influence of the financial turmoil, it has been able to clearly draw out the three category of ABC. The situation of class A enterprises is relatively stable, B enterprises are affected, but the problem is not big, C enterprises are the most affected.

In the past two months, the export growth of Wenzhou shoe enterprises is declining.

Raising the export tax rebate rate this time is very important for improving the morale of shoe enterprises.

Speaking of the reduction of the export tax rebate rate for shoes, Xie Rongfang said that they had been looking forward to such a timely rain: "when the Ministry of Commerce concerned came to Wenzhou to investigate, we and the government proposed raising the export tax rebate rate of footwear, bags, leather machinery and shoemaking machinery, but we never got good news.

Although China has adjusted the export tax rebate rate two times in the second half of this year, there is no share of footwear products.

After the second adjustment message came out formally, we reported it again.

You know, for footwear exporting enterprises, the export tax rebate rate can be raised by one point.

The policy has finally raised two points, and how many enterprises can continue to survive. "

"It has increased the space for bargaining of enterprises". "This is equivalent to providing timely help for export oriented enterprises, which is very warm to the hearts of the people."

The manager of the International Trade Department of Kangnai Group Limited heard the news and jumped out of his mouth.

Yesterday morning, the managers of AOKANG group immediately communicated with the export tax rebate rate.

In 2007, AOKANG group exported nearly 4 million pairs of shoes. The export volume in the first three quarters of this year was basically flat, with a slight increase.

Wang Zhentao, President of AOKANG group, said: "although AOKANG is not affected by the financial crisis at present, sales growth in the first three quarters is still more than 30%, but profits have declined."

"The cost of shoes has risen by nearly 20% compared with last year due to the rising cost of operations. At the same time, the demand for shoes in the peripheral market has slowed down.

Secondly, despite the total sales growth, domestic sales increased by more than 30% from 1 to September, and export sales were basically flat, but high inflation further reduced the profit margins of enterprises.

AOKANG group propaganda department Liang Jiesheng analysis footwear enterprises said.

Kangnai shoes export to foreign countries can sell up to 70 U.S. dollars / double, an average of 25 U.S. dollars / double, belong to high-end shoes.

"Now negotiating with foreign businessmen, they are not bargaining with" Yuan ", but bargaining with" sub ".

The US consumes 7.1 pairs of shoes per year, while China consumes 1.7 pairs of shoes per person.

The other side needs our shoes, but the price is very real. "

"The price of raw materials has gone up a lot in the first half of the year, but now it has dropped a little," said Wei, director of the Kangnai group culture center.

The export rebate rate of shoes has been raised, which has increased the space for bargaining.

And, for enterprises, the government's action is more important to increase the confidence of the enterprise. "

"Increased by two percentage points, and sales of US $100 can be refunded to US $1.38.

The average unit price of shoes exported to our enterprises is US $25 / double. According to this calculation, we can refund 34.5 cents for each pair of shoes.

The manager made such an account for the enterprise.