Import Tariff Reduction Of Textile And Clothing Raw Materials Such As Blended Fabrics

Since July 1st, the state has lowered import tariffs on textile raw materials such as blended fabrics and linen yarns, especially Blended fabric Part Import tariff From 12% to 6%. Our county is a large exporter of textile fabrics. The tariff reduction is "bad" or "positive". The reporter interviewed experts and related enterprises.

Following the 3.56% drop in Monday, Tuesday's cotton futures contract fell 2.33% again. In just 5 trading days, cotton futures prices plummeted by 8.99%, hitting a new low in the year. A coastal cotton yarn and cotton business operator has been very concerned about cotton futures in recent years. "The sharp decline in the import tax rate of textile materials has accelerated. Cotton futures Prices are falling. " The operator said that the psychology of market consumption is "buying up but not buying down". At present, the wait-and-see mentality of customers is heavier and the volume of orders is decreasing.

In addition to cotton spinning enterprises, the import tariff reduction also affects many operators of the textile market "heartstrings". "Import tariffs on these products have declined, which means that the competitiveness of similar products abroad is enhanced, and our price competitive advantage has been weakened." Lu manager, who is engaged in the sale of mixed cotton products, said. The reporter learned from the Shaoxing customs that the textile raw materials such as blended fabrics and linen yarns which had been cut down on import duties were very few in our county, but the export volume was relatively large. The export volume of the blended fabrics only reached 7 million 620 thousand US dollars from 1 to May this year.

In the short term, the reduction of the import tax on some textile materials has been bad for our county's textile consumption, but in the long run, it still plays a catalytic role. "The import tariff cut affects the supply and demand of cotton raw materials," according to industry analysts. The fall in import tax rate will guide China to increase imports of cotton textile raw materials, adjust the import and export structure of cotton textile raw materials, ease the gap between supply and demand of cotton, and achieve a steady decline in cotton prices. Last year, cotton prices surged to the present "crazy fall", which seriously hindered the production and operation of our county textile enterprises. For our county textile enterprises, stable raw material prices are the biggest benefit for enterprises. In addition, the tax rate reduction can effectively reduce the cost of raw materials, enhance the competitiveness of enterprises, and is conducive to the optimization and upgrading of industrial structure.