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ASEAN: to say "tax-free" is not easy

Published on:2013/4/27 14:47:21

Keyword:Spinning machinery, weaving machinery, knitting machinery, dyeing and finishing machinery, chemical fiber machinery, non-woven fabric machinery
Introduction:Recently, more concerned about ASEAN's textile and garment industry, mainly due to the January 1, 2010, China - ASEAN Free Trade Area officially completed, so would like to know the majority of garment enterprises in China

 Recently, more concerned about ASEAN's textile and garment industry, mainly due to the January 1, 2010, China - ASEAN Free Trade Area officially completed, so would like to know the majority of garment enterprises in China are not able to take a slice from the ASEAN market.

 
Framework Agreement in accordance with the "China - ASEAN Free Trade Area between China and six old ASEAN member countries (Brunei, the Philippines, Indonesia, Malaysia, Thailand and Singapore), there will be more than 90% of the products at zero tariff. China's average tariff on ASEAN from 9.8% to 0.1%, six old ASEAN member countries on China's average tariff from 12.8% to 0.6%. Four new members of ASEAN (Vietnam, Laos, Cambodia and Myanmar) in 2015 to achieve 90% of the zero tariff.
 
From intuitive feelings by China and the ten ASEAN countries, has a total of 19 million consumers, nearly six trillion U.S. dollars of GDP and 4.5 trillion U.S. dollars total trade free trade area, which is very likely to become China's clothing enterprises greater regional market.
 
But for China and the ten ASEAN countries have set a number of sensitive products, do not know the business is not an understanding of these final tax rate is not zero. Based on national circumstances, 10% up to more than 400 (ASEAN 6 countries) and 500 (ASEAN-4) products as sensitive products protected.
 
The point of view of the ten ASEAN countries, China has proposed a list of sensitive products, textiles and clothing, not only "the list", and limited. In Indonesia, for example, the Indonesian Minister of Industry has said that Indonesia does not attempt to renegotiate the agreement on a free trade agreement, but the request to postpone the canceled 314 kinds of Chinese products import tariffs for eight industries, which involves 87 projects of the textile industry. Textile In addition to the iron and steel industry, subject to the largest sector of the project. Thailand will also be synthetic fiber blouses, pants, men's shirts, men cotton pajamas, cotton and chemical fiber quality bathrobe, baby clothes, pantyhose, socks and other 28 products classified as sensitive products, in accordance with the plan, these products import tariff rate to 20% in 2012 to 5% in 2018.
 
There are indications that most of the apparel products is difficult to achieve "zero tariff" in accordance with the normal process, but it touches garment enterprises not ready yet provided adequate time to prepare.
 
First, the garment enterprises to keep abreast of the schedule of the open markets of China and ASEAN, to know which products are zero-tariff understand the schedule is conducive to seize opportunities. Second, pay attention to changes in the economic policy of the ASEAN countries and industry-oriented, can take advantage of the specialized agencies of the ASEAN Business Information. Furthermore, the ASEAN countries, the level of economic development, the market characteristics of different garment enterprises should do research before entering the market, the development of the market for the specific circumstances of different countries.
 
Of particular concern is that ASEAN has signed free trade agreements with a number of countries (including Japan, South Korea, Australia, India) can be fully utilized in order to develop a broader international market.

Keyword:Spinning machinery, weaving machinery, knitting machinery, dyeing and finishing machinery, chemical fiber machinery, non-woven fabric machinery

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