Fabric Products,Fabric Information,Fabric Factories,Fabric Suppliers Fabric News The market is “wavering”! What is the impact of the issuance of 400,000 tons of imported cotton quota with sliding tax?

The market is “wavering”! What is the impact of the issuance of 400,000 tons of imported cotton quota with sliding tax?

The latest announcement released yesterday on the website of the National Development and Reform Commission shows that in order to ensure the cotton needs of textile enterprises, it has been decided after resea…

The latest announcement released yesterday on the website of the National Development and Reform Commission shows that in order to ensure the cotton needs of textile enterprises, it has been decided after research to issue a certain amount of cotton import quotas with preferential tariff rates in addition to the tariff quota (referred to as cotton sliding tax quotas) this year.

According to the reporter’s understanding, the number of cotton import sliding tax quotas issued this time is 400,000 tons. The main feature is that they are all non-state trade quotas and are limited to imports through processing trade.

Judging from the application requirements, it must be registered with the market supervision and management department before August 1, 2020; have good financial status, tax records and integrity; not included in the list of serious dishonesty on the “Credit China” website . Under the premise of meeting the above conditions, the applicant enterprise must also meet one of the following conditions: first, a cotton spinning enterprise with spinning equipment (self-owned) of 50,000 spindles or more; second, an annual production capacity of cotton spunlace nonwovens ( Self-owned) enterprises with a production capacity of 8,000 tons or more (the production capacity of a production line with a spunlace machine equipment width less than or equal to 3 meters is recognized as 2,000 tons, and the production capacity of a production line with a width greater than 3 meters is recognized as 4,000 tons).

It is also understood that the first application materials are the 2020 cotton import sliding tax quota application form, the electronic version can be obtained from the National Development and Reform Commission website; the second is a copy of the corporate business license (copy); the third is A special value-added tax invoice (copy) for the sales of cotton yarn, cotton cloth and other cotton products in 2020.

From the perspective of allocation principles, allocation will be based on the applicant’s actual production and operation capabilities (including historical import performance, processing capabilities, operating conditions, etc.) and other relevant business standards.

Application time limit regulations: First, the applicant enterprise shall submit the application to the entrusting agency (province, autonomous region, municipality directly under the Central Government, city under separate state planning, Xinjiang Production and Construction Corps Development and Reform Commission) at the place of registration from September 1 to 15, 2020. Submit application materials; second, each entrusting agency must submit the enterprise application materials to the National Development and Reform Commission (Government Service Hall) before September 20, 2020, and submit a copy to the Ministry of Commerce, and at the same time upload the information contained in the application form to an important Agricultural products import tariff quota management system. The National Development and Reform Commission will issue sliding tax quotas for cotton imports in due course.

From the perspective of other rules, first, enterprises are responsible for the authenticity of the application materials and information they submit. For untrustworthy enterprises that make false declarations or refuse to fulfill their commitments in the application form, the relevant departments will follow the national Relevant regulations require corresponding disciplinary measures; secondly, the cotton imported by the enterprise through the use of the sliding tax quota for cotton imports shall be processed and operated by the enterprise and shall not be resold; thirdly, enterprises that obtain the sliding tax quota for cotton imports must actively cooperate with the National Development and Reform Commission and The agency entrusted it to organize applications for cotton import sliding tax quotas, supervision and inspections of usage, and provide timely and truthful information and data required for inspections.

Lao Chen, a cotton trader in Korla City, Xinjiang, told reporters that the issuance of 400,000 tons of cotton import sliding tax quotas was analyzed from the perspective of market supply, which increased market supply, especially in the current situation. When transactions in the imported cotton market are active, market demand is strong, and domestic cotton stocks and cotton stocks that meet market demand standards are reduced, market demand can be effectively met. At the same time, from the standpoint of the downstream industries in the cotton market, the influx of more cheap imported cotton can alleviate the pressure of cost growth and help industrial enterprises get out of the difficulties caused by the COVID-19 epidemic and tensions between China and the United States. However, the quantity of the 400,000 tons of cotton import sliding tax quota is too small and has almost no impact on the domestic cotton market. This is the main reason why the market “microwaves” before and after the issuance of the 400,000 tons of cotton import sliding tax quota. , and has been showing a steady and rising trend since April 2 this year.

The reporter checked the statistical data released by relevant agencies and showed that my country’s cotton area has declined in the new year, but output has increased steadily. According to a survey by the China Cotton Association, the national cotton planting area in 2020/2021 is 45.9695 million acres, a year-on-year decrease of 4.5%, while the total output is expected to be 5.919 million tons, a year-on-year increase of 0.2%. At present, the state cotton reserve has adapted to market demand and has completed all transactions. The Xinjiang epidemic has affected Xinjiang cotton exports and domestic spot prices have increased. The textile market is in the off-season, raw material inventories remain low, and the decline in cotton commercial inventories has narrowed. Cotton imports continue to grow, with US cotton accounting for 2/3.

From the analysis of the current factors that mainly affect the price of cotton and cotton yarn in my country, as well as the factors that will have an important impact on the purchase and demand of new cotton in the future, the first is the production situation of domestic new cotton, and the second is the progress of Sino-US relations Condition.

It is understood that Xinjiang, my country’s main cotton-producing area, has begun to estimate new cotton production. There is news in the market that the golden autumn is in sight, and technicians from the agricultural department of Tamutoglak Township, Xinhe County, Aksu Prefecture, located in southern Xinjiang, rushed to the fields in various rural areas to start field testing of cotton yields. Before measuring the yield, technicians first classified and counted the area and proportion of cotton of various qualities, then randomly selected representative sample points according to a uniform distribution, and took a sample with a sowing area of ​​0.01 acres at each sample point. strain. Calculate the average number of harvested plants and harvested bolls at each sample point of 0.01 mu in the field where the yield is measured, and then convert it into the average number of harvested plants and harvested bolls per mu. Finally, calculate the measured average yield per mu of the field based on the measured boll weight and a conversion factor of 0.9, and The total output is calculated based on the actual sown area. Judging from the current yield measurement, the number of cotton harvested plants and bolls this year has increased compared with last year. Due to the influence of the climate, some farmlandThe number of plants is relatively small, but the number of bolls has not decreased. Generally speaking, cotton output this year has increased significantly compared with previous years.

A few days ago, the China Cotton Association and the China Chamber of Commerce for Import and Export of Textiles issued a joint statement on their opposition to the US issuance of the “Xinjiang Supply Chain Commercial Consultation Announcement”. The statement stated that since last year, the U.S. government has continued to interfere in China’s internal affairs through various political and economic means such as the “Xinjiang-related Act”, “Entity List” and “Withholding Orders”, suppressing and disrupting Xinjiang’s normal economic activities. Recently, the U.S. government issued the “Xinjiang Supply Chain Business Consultation Announcement”, openly discouraging U.S. companies and individuals from cooperating with Xinjiang on the grounds of so-called human rights and forced labor in Xinjiang. At present, a number of Xinjiang textile and garment companies have been included in the US government’s “entity list” or “withholding order” on the grounds of “forced labor”, which has caused huge economic losses and extremely adverse effects to the relevant enterprises, and also seriously damaged the The reputation of Xinjiang and even China’s cotton textile industry has disrupted normal production and trade order.

The statement pointed out that Xinjiang is my country’s largest cotton-producing area, with an annual output of about 5 million tons, accounting for more than 80% of domestic cotton production. More than 50% of farmers in Xinjiang grow cotton, of which ethnic minorities account for more than 70%. Cotton has become the main source of income for local farmers in Xinjiang, especially in hotan, Aksu, Kashgar, Kezhou and other Uyghur-inhabited areas in southern Xinjiang. Cotton planting income has accounted for more than 80% of total agricultural income. Xinjiang’s cotton textile production capacity is about 17 million spindles, with a yarn output of 1.85 million tons, providing local employment for nearly 600,000 people. According to Chinese customs statistics, China’s textile and apparel exports to the United States increased from US$3.3 billion in 1998 to US$45.2 billion in 2019. China has become the most trusted purchasing base for U.S. textile and apparel import companies with its high-quality products and services. Chinese-made textiles and apparel, including those from Xinjiang, are increasingly popular among American consumers.

“Currently, affected by the COVID-19 epidemic, the global cotton textile industry is suffering losses caused by the imbalance of the trade order. How to unite to overcome difficulties and revive the industry is our common goal and should not be Allowing groundless accusations to damage the trust and cooperation on which the industrial chain has long relied, affect the recovery of the global cotton textile industry chain, and put Sino-US textile and apparel economic and trade cooperation relations in danger.” The statement said, “We firmly oppose the US’s We strongly urge the U.S. to stop its wrong practices and firmly support the Chinese government in taking necessary measures to respond to the U.S.’s unreasonable actions and make strong countermeasures to safeguard the legitimate rights and interests of Chinese companies. The development and opening up of China’s cotton textile industry and the long-term partnership between China and the U.S. textile and apparel industry will not be terminated by the suppression of anti-China and anti-Xinjiang forces. We believe that trust and cooperation are the bridge to overcome difficulties. </p

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