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The tax reduction space is not greatly expanded, and imports are first promoted for trade facilitation.
The plan to expand the import policy is becoming more and more confusing. The first-quarter deficit in the past six years and the apparent slowdown in imports in April; the sharp increase in foreign exchange reserves and the rise in commodity prices discussed in the previous period or the increase in imported inflation... The contradictory performance has caused “expanding imports†to fall into shackles situation. During this period, the Ministry of Commerce has been striving to expand the import policy, but with the delay of the “National Expanded Import Conferenceâ€, the ministries and commissions have attached great importance to “expanding importsâ€. Although there have been reports recently that the expansion of import rules has been written and submitted to the State Council for approval, informed sources have revealed that the details of the expansion of the import policy are weak, and it is difficult to achieve the effect of truly expanding imports. "The key links are unmovable," he said. Difficult tax rate “In the series of policy discussions on expanding imports, import tax is the most concerned and most directly effective one.†The above-mentioned person said, “It is difficult to reach consensus on the opinions of several ministries.†To collect import tax, value-added tax, and consumption tax, more than 50% of taxes and fees are required. “The high import tax rate makes the domestic market price far higher than the foreign market price, which is the main reason for this phenomenon.†Huang Guoxiong, a professor at the Renmin University of China Business School, believes. Since the 10th anniversary of China's accession to the WTO, the total import tariff has dropped from 15.3% to 9.8%, far below the average tariff level of 46.6% in developing countries. "This makes the overall tariffs less space." The above-mentioned insiders analyzed, "There is also the issue of Doha negotiations." The Doha negotiations are currently struggling and are basically on the verge of breaking. As a new member of China, the tax rate has dropped to 9.8%, and naturally it is not willing to fall again. If it falls now, it will be an independent tax reduction, and it will also attract dissatisfaction from other developing countries, because they will be required to reduce taxes with China. In fact, this is actually a problem, that is, as soon as we move, we break the existing balance of commitment. If you don't move, it means that China still has to maintain an import tax rate of 9.8%. If you drop any mechanical equipment, you have to find another commodity to increase the import tax. Otherwise, it will be out of balance. The industry is naturally bitter. “Actually, China has a temporary tax reduction plan, which is to reduce taxes on what is going on in a year, and then it can be restored. If we pass this policy to get some things we need, it will not affect the promise of negotiation.†People said, "However, this method has not reached a consensus." Import tax is difficult, and the mind is transferred to the consumption tax. China’s import consumption tax rate was formed 20 years ago, and the tax rate for luxury goods was up to 30%. However, with the increase in national consumption power and the increase in domestic product supply, there is no absolute “luxuryâ€. Therefore, it is suggested that this part of the tax rate should be reduced. Such as cosmetics, jewelry and watches, fashion and leather goods. However, many people have raised objections. Some think that you can drop a little, and many big-name things don't have to fall. They worry that if Chinese companies do not establish their own brand marketing network, after foreign brands monopolize the market, they will in turn raise prices, which will destroy China's entire system. Institutional Obstacles When it comes to how to further strengthen the "expansion of imports" work, the Ministry of Commerce first proposed to pay attention to private enterprises and domestic institutional reforms. Yao Jian, a spokesperson for the Ministry of Commerce, said that the Ministry of Commerce noticed that private enterprises imported very little, and the proportion was very low, accounting for about 15%, but the proportion of exports was very high, accounting for 33%. The current system makes private enterprises difficult to obtain quotas, permits and financing. It is understood that China has stricter import approvals, and there are more implied import restrictions. In all current tradable products, products requiring import licenses account for more than 50%, which is quite high. The state has always had an import quota system for many commodities, including crude oil and cotton. For many private enterprises, it is still difficult to obtain a certain amount of import quotas, which also limits private ownership to a large extent. Import of enterprises. "At present, domestic privately-owned enterprises still have barriers in establishing a sales market network in the Chinese market, which makes these private enterprises more willing to operate through export methods. The direct import of foreign products is less likely to be sold domestically." International Economic and Trade University International Economy Zhao Zhongxiu, dean of the School of Trade, said. As for financing, the difficulty of financing SMEs is a common problem and there is no way to find a breakthrough. "This bottleneck is difficult to break through. In the final analysis, this is because it is an institutional problem. Private enterprises in SMEs account for more than 80%." He said, "It used to be said that export-oriented SMEs are difficult to finance, because most of these companies are Exporting and importing are also facing the same problem.†Easy “Trade Facilitation†At the regular meeting of the Ministry of Commerce on May 17, Yao Jian said: “Proactively promoting trade facilitation will be the next step in expanding imports. Influencing factors." "It is easier and smoother to make progress in trade facilitation. This time, there may be more articles in this area," said the person familiar with the matter. Mainly to clean up the relevant import management measures, further relax import management, and adjust the implementation of automatic import license management of goods. At the same time, it will work with customs, quality inspection and other departments to promote the efficiency of customs clearance and implement inspection and quarantine facilitation measures. He said: "We strive to achieve a balance between import policy and export policy." For example, the current export is a 24-hour customs clearance, and imports are only 8 hours; now there are only three ports in the country that can import cars; import inspection, if the current inspection standards, fruit and agricultural products The whole meeting is rotten and so on. In recent years, China has strengthened negotiations with the ASEAN Free Trade Area. Since this year, ASEAN has leapt to China's third largest trading partner. "We have recently strengthened negotiations on free trade and bilateral trade with South Korea and Japan. Bilateral trade facilitation is an important factor in China's next step of expanding imports." Yao Jian said.