Pakistan Textile Association Appeals To The Government To Reduce Industry Tax

< p > > a href= "http://? Www.sjfzxm.com/news/index_c.asp" > APTMA < /a > chairman Mohamed said that in the man-made fiber sector, Pakistan lacks materials for making special man-made fibers, such as acrylic, viscose, bamboo fiber and Lycra.

The import tax on these products is subject to a 5% import tax, which increases the cost pressure of textile enterprises.

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< p > Mohamed said that in the textile industry of Pakistan, the utilization rate of man-made fibers was less than 20%, while in other textile producing countries, its utilization rate was as high as 60%.

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< p > in the field of raw cotton, according to the financial plan of 2014~2015 in the country, the import duty of raw cotton is subject to a 1% tariff and 5% sales tax, which will lead to an increase in the cost of spinning industry, especially for enterprises that produce high added value yarns with long staple cotton and pollution-free cotton.

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< p > it is worth noting that the "a href=" http:// "www.sjfzxm.com/news/index_c.asp" > textile raw material < /a > waste is also subject to high tariffs, which is subject to a 17% sales tax and a 2% tax rate on the yarn produced by the spinning plant so that the cost of the product is greatly increased.

All of these problems have weakened the competitiveness of Pakistan's textile industry to varying degrees.

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< p > according to the latest data released by the statistical bureau of < a href= "http:// www.sjfzxm.com/news/index_c.asp" > Pakistan < /a >, in the first 11 months of 2013~2014, Pakistan exported 12 billion 626 million US dollars of textile and clothing, an increase of 5.96% over the same period last year.

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< p > textile raw material is an important foundation for the development of the textile industry. Accurately grasping the changing trend of textile materials, strengthening the collaborative innovation of industrial chain, and strengthening international cooperation and exchanges are of positive significance for accelerating the pformation and upgrading of the textile industry in the new situation.

At present, the textile industry is still in a promising period of strategic opportunity. The scale of China's textile industry ranks first in the world. It has a complete textile industry system, the further development of economic globalization and the continuous shift of the focus of textile industry to the Asian region. It provides an opportunity for China's textile industry to make better use of global talents and markets and participate in international cooperation at a higher level and wider scope.

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< p > China has entered the ranks of middle-income countries. The formation of 1 billion 300 million population and a large number of middle class will create huge market space for upgrading the industrial structure of textile and clothing consumption structure.

The textile industry and the vast number of enterprises should seize the current round of deepening reform opportunities, speed up independent innovation, pay attention to energy conservation, environmental protection and ecological civilization, and form new competitive advantages with technology, brand and green development as core, so as to promote sustained and healthy development of the industry.

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< p > the responsible person of the China Textile Industry Federation said that the Chinese textile industry will actively promote the healthy development of the cotton industry chain in the future, and vigorously promote the pformation and upgrading of the chemical fiber industry. Although China's chemical fiber production accounts for about 70% of the world's total output, there are many large quantities of goods and few differentiated fibers. There has been a structural surplus and a phased surplus, and pformation and upgrading are imperative.

In addition, China's textile industry will also speed up the recycling of waste fiber products in the future, based on the resource utilization of waste fiber products.

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