NewsFlashChina ups export rebate on plastic goods

22 October 2008 02:56  [Source: ICIS news]

SINGAPORE (ICIS news)--Chinese export tax rebates on plastic finished goods and furniture will be raised to 9% and 11% effective from 1 November, from the current 5%, based on a document by the Ministry of Finance received by ICIS on Wednesday.

 

China’s export rebates for a range of petrochemicals and finished products were reduced on 1 July last year, a move widely seen as a response to pressure to cut its trade surplus and to prevent the Chinese economy from overheating.

 

To discuss issues facing the chemical industry go to ICIS connect

By: Chow Bee Lin
+65 6780 4359

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly