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China to impose tariffs on textile goods

PTI - Beijing

China will start levying tariffs on six categories of textile exports from January 1, 2005 in an attempt to address the concerns of its main trading partners who are worried about Chinese textile products flooding their markets.

The six categories of 148 tariff items, include knitted shirts, non-knitted shirts, underwear and night clothes, overcoats, skirts and trousers. The tariffs will vary from 0.2 Yuan to 0.3 Yuan (2.4-3.6 US cents) every piece or set.

For every piece or set of the apparel, the tariff will be 0.2 Yuan (2.4 US cents) or 0.3 Yuan (3.6 US cents). For clothing parts or accessories, the tariff will be 0.5 Yuan (6 US cents) per kilogram, China Daily reported.

The export tariff is a key policy of the eight textile export management measures put into place by the ministry of commerce, to address the concerns of trade partners, the official newspaper noted. However, industry sources say the tariffs will have limited impact on exports with higher values. But for producers of goods such as briefs, the tariff will be a heavy blow, sources said while reacting to the tariffs.