In this export tax rebate and polishing commercial tax policy regulation, the export tax rebate rate for electric motors has been adjusted from 13% to 17% as "major skill equipment, some IT products, Cangsheng pharmaceutical products, and high-tech products encouraged for export by some national industrial policies". According to relevant personnel from the Ministry of Commerce, the export tax rebate and polishing commercial tax policy regulation this time belong to structural regulation, which is one of the comprehensive measures adopted by the Ministry of Foreign Affairs to implement macroeconomic regulation policies this year. It is conducive to deepening the optimization of industrial structure, promoting the reversal of foreign trade growth mode, and driving the balanced development of import and export commerce.
Through this new policy, it will to some extent alleviate the increasing competition in the motor market and the soaring prices of raw materials. The national motor industry will usher in a rare development opportunity.
New policy introduced
Looking back on September 26th, a year ago, the Small and Medium sized Electric Machinery Branch held a conference on the export of small and medium-sized electric motors industry and a seminar on the two EU orders in Shanghai, China, amidst the extremely difficult situation of industrial commodity exports. Representatives who came to join the conference expressed that electric motors are one of the important export earning goods in the national electrical industry. For many years, they have been "selling at a low profit," and have not accumulated in the low-cost development process. They are about to encounter the impact of rising raw material prices and cost adjustments, declining export tax rebates, and changes in the national currency exchange rate on electric motor exports.
In recent years, the international market supply and demand for caller ideas have been very, very large, and in a high growth stage. With the deepening expansion of foreign markets for motor products, small and medium-sized motors will have significant breakthroughs in export quantity, variety, product level, and foreign exchange earnings. Some scholars have proposed that in the coming years, how to integrate into the international market and pursue more market share will become the key lifeline for the development of the national medium and micro motor industry.
At a seminar held in 2005, Wu Guohua, Director of the Policy Discussion Office of the Ministry of Commerce, Sun Guangbin, Deputy Director of the China Chamber of Commerce for Import and Export of Electric Machinery Products, Guo Liping, Senior Engineer of the Scale Department of the China Electrical Equipment Industry Association, and Zhang Wanxiang, Director of the Marketing Department of the China Electrical Equipment Industry Association, carefully listened to the suggestions at the meeting. According to the subjective opinions of the meeting, the branch submitted a report to the China Electrical Equipment Industry Association and the China Chamber of Commerce for Import and Export of Mechanical and Electrical Machinery Products under the name of the China Electrical Equipment Association Secretariat (2005) 056, calling on relevant government departments to provide cheap policies for the export of small and medium-sized electric machinery industry products. It was suggested that the government departments provide cheap policies, and that the China Electrical Equipment Industry Association and the China Chamber of Commerce for Import and Export of Mechanical and Electrical Machinery Products actively reflect Strive to obtain strong response from relevant government departments, Corresponding regulatory policies for the sustainable development of the small and medium-sized motor industry.
Opportunity has arrived
Afterwards, the Chamber of Commerce for Machinery and Electronics and the Electrical Industry Association conducted inspections on four key export enterprises. The Chamber of Commerce for Machinery and Electronics also held the National Electric Export Work Conference in Beijing on December 13-14, 2005. After a series of work, the industry has reached a consensus that the essential measures to adjust the current unfavorable situation of national motor exports are to consolidate independent development, regulate the structure of export commodities, mobilize the added value of export commodities, and shape international product names.
On the contrary, these measures are not significantly effective in the short term. Therefore, on February 8, 2006, the China Chamber of Commerce for Import and Export of Machinery and Electrical Products and the China Electrical Industry Association jointly issued the "Opinions on Adjusting the Export Tax Refund Rate for Small and Medium sized Motors Nationwide" (2006) No. 56 to the Department of Finance of the Ministry of Commerce on behalf of the industry, calling for the export tax refund rate for small and medium-sized motor products to be reduced from 13% to 17%; Call on relevant government departments to respond with relevant policies during the transition period, in order to help motor export enterprises overcome this difficult period.
At present, the joint announcement issued by five ministries has clearly adjusted the export tax rebate rate for AC/DC dual-use electric motors, DC electric motors and DC through motors with tax numbers of 85012000-85016430, other single-phase talk motor motors, multi-phase talk motor motors, and talk through motor products from 13% to 17%. The motor industry has pursued such a development opportunity.
The Small and Medium sized Electric Machinery Branch believes that this will be a rare and great opportunity, and calls on the country's electric motor manufacturing enterprises to effectively cope with foreign commercial protectionism and promote the healthy development of national electromechanical commodity exports. The relevant person in charge of the branch stated that firstly, efforts should be made to regulate the product structure, mobilize the quality and ranking of exported goods; Secondly, it is necessary to consolidate the self-discipline of enterprises and industries, eliminate blind competition in exploring international markets, and adopt accurate international dumping strategies. We firmly believe that with the joint efforts of the national government, business associations, and export enterprises, the national motor industry will develop even better.