Ministries And Commissions Want To Strengthen Export Restrictions On Resource Products

Reporters recently learned that the Ministry of finance, the development and Reform Commission, the Ministry of Commerce and other departments are studying further strengthening export restrictions on resource products, and fermenter to reduce and cancel some products again.

According to sources, the export reduction is under study.

"It may involve rubber, non-ferrous metals, steel products, building materials, etc. the specific commodities need to be finally decided.

The scope of the specific tax rate adjustment is still under discussion, but the overall reduction should not be too large. The individual varieties of steel, building materials, new materials, additives and other categories will be reduced. "

The above told the economic reference Daily reporter.

At the same time, the above said, "at present, the research of ministries and commissions has basically taken shape. When to form formal documents is still more complicated. We need to take into account the export performance of China at the beginning of this year, and so on, and balance the opinions of many ministries and commissions."

Further abolition or reduction of other "two high one capital" products export tax rebate is already the general trend.

The source told the economic information daily that the relevant departments of the state have initially formed a strategic report on the export tax rate of resource products.

In this report, rare metals such as rare earth metals, ferrous metals such as rare earth metals, steel, oil and coal, non-ferrous metals such as nickel, molybdenum and tungsten, raw materials such as solar energy and polycrystalline silicon, and the overall strategy in the fields of water resources and forest resources have been basically formed.

In the future, we will choose the right time to implement step by step according to the principle of controllability and gradual development.

The intention of the state to restrict the export of products of "two high and one capital" is becoming clearer.

In June 22, 2010, the Ministry of Finance and the State Administration of Taxation issued the notice on canceling the export tax rebates for some commodities (fiscal and taxation [2010]57), and decided to cancel the 406 tax rebate rates of some steel and non-ferrous metal processing materials from July 15, 2010.

It is understood that in order to alleviate the trade surplus and adjust the industrial structure, China has abolished the export tax rebates of 553 products with high energy consumption, high pollution and resources since July 1, 2007, reducing the export tax rebate rate of 2268 commodities that are likely to cause trade friction.

However, with the outbreak and spread of the international financial crisis, China began to adjust its export policy in the second half of 2008, raising the export tax rebate rate for 7 consecutive times, reducing the export premium rate, adjusting the prohibited catalogue of processing trade, and maintaining the basic stability of the RMB exchange rate.

Analysts say China's cancellation of export tax rebates for some high energy consumption and high polluting products will be long-term. It reflects the urgent need for energy conservation and emission reduction and structural adjustment.

In an interview with the economic reference daily, Ma Zhong, President of the school of Environmental Sciences, Renmin University of China, said that combined with the situation of energy saving and emission reduction in the whole "11th Five-Year" period, the pressure on the total energy consumption to rise too fast has already appeared. Further energy conservation and emission reduction must rely on industrial structure adjustment.

By abolishing the export tax rebate, we can raise the cost pressure of "two high and one capital" product manufacturing enterprises, promote the pformation of enterprises and technological progress, thus leading to the adjustment of the whole industrial structure.

Ma said that the "two high and one capital" products exported to China consume a large number of domestic energy resources, leaving pollutants to the mainland, but export relatively clean products to foreign markets, resulting in adverse effects of external diseconomies.

Such export products, while gaining favorable balance of trade, create an "environmental deficit".

The implementation of the export tax rebate policy for "two high and one capital" products is actually a financial subsidy for enterprises with high energy consumption and high emissions.

Taxation is a public revenue and should serve the public interest.

The export tax rebate policy for "two high and one capital" product enterprises just violates the requirements of environmental protection, and does not reflect the public service characteristics of fiscal policy.

Ma said that the abolition of the export tax rebate policy of "two high and one capital" product shows that the government's intention to strengthen the work of "energy saving and emission reduction in 12th Five-Year" is also the improvement and improvement of fiscal and tax policies, indicating that the national tax system is moving towards a resource saving and environment-friendly direction.

However, the re adjustment of export tax rebates may cause some export sectors to suffer a downward trend, and at the same time, it will also cause the industry's concerns about exports.

Bai Ming, a researcher at the Ministry of Commerce, said in an interview with the economic reference daily that he is still not familiar with the relevant policy contents. However, he believes that from the present stage, the relevant policies of foreign trade should be based on stability.

He added that the export tax rebate is just to make our products and enterprises compete fairly in the international market, not giving preferential treatment to export enterprises.

If we do not export tax rebates, export products will be equivalent to two times of value-added tax.

Bai Ming said that in the long run, China's economy should gradually change from relying on external demand to relying on domestic demand, but expanding domestic demand after all is a long-term process, affecting people's income and other factors.

Considering that the impact of the current international economic crisis is not over yet, the developed economies are in a predicament of economic stagnation, and the emerging economies with good economic growth are facing inflation risk. Coupled with the multiple pressures of the US quantitative easing monetary policy and the pressure of RMB appreciation, China's exports will face greater pressure this year.

Therefore, at the same time, we need both internal and external needs, and we should be cautious in adjusting our export policies.