Advanced Search
Business | Metro | Nation | World | Sports | Features | Specials | Delta Stories
 
 
Duties up textile prices
23/2/2005 10:01

Shanghai Daily news

Prices of most apparel exports through Shanghai Port rose last month after China began to slap export tariffs on some textile and apparel products this year, Shanghai Customs said yesterday.
Meanwhile, the customs said there was no sign of surging textile exports last month after global textile quotas were scrapped this year.
Average prices of apparel exports under the 148 tax codes rose 4.1 percent last month, the customs said.
The customs collected 62.5 million yuan (US$7.5 million) in export taxes on apparels shipped out through Shanghai Port in January.
A total of 410 million pieces of apparels under the tax codes were exported through Shanghai last month, up 13.2 percent year-on-year, the customs said. But the growth was 6 percentage points lower than the same month last year.
"Exports of textile and apparel goods through Shanghai are growing steadily, (but) there's no sign of an export surge here so far," said Zhang Mengqi, a customs official.
Despite a steady increase in exports in other parts of the world, the United States and the European Union, the two biggest markets, witnessed a bigger growth in the imports of made-in-China apparels after the quota was lifted, the customs said.
Apparel exports to the United States through Shanghai rose 1.4 times in January to 90 million pieces.
 The European Union, meanwhile, imported 100 million pieces of apparel, up 48 percent year-on-year.