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.
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