China's Steel Industry, Foreign Trade Policy Will Make A Major Adjustment

Foreign trade policy of the Chinese steel industryadministrative measures to control imports more
faces a major adjustment. This adjustment is todifficult. 5 years after the WTO should seize the time
adapt to the new international trade situation, andtrying to use market means to control the import,
also will join the W TO requirements.ensure that after the abolition of the designated
   Now China's foreign trade restrictions on steeloperational control of China's steel trade Buzhi Yu.
imports of the main policies include: limited registration,    According to industry pointed out that the
the designated operational, the "middle jacking";"middle jacking" the current approach are: iron and
export-promotion policies are: export tax rebates,steel enterprises will be approved steel sold to
preferential loans. The management of stateexport processing enterprises will be exempt from
departments that, in order to adapt to the futurevalue-added tax of 17%. Such a policy would ease
accession to WTO requirements, this policy will bethe contradiction between supply and demand in the
adjusted or canceled.market and improve the variety, quality, enhance the
    The source analysis, limited registration may becompetitiveness of enterprises, increase enterprise
canceled during the year. According to WTO rulesefficiency is undoubtedly of great significance.
that allow member states for their own products,    Although from a formal point of view of the
imports automatic registration in order to monitorpolicy is not a clear violation of WTO rules, but in
imports and exports, but are not allowed toessence it is an import-substitution policies, laws and
quantitative restrictions on imports. As early as 1992regulations are a "gray area", once the accession to
China had promised to abolish quotas and licensesWTO will certainly be challenged by other member
steel products, Europe, the United States, Japan,states. Therefore, the iron and steel enterprises
Korea and other countries on China's limitedshould take advantage of this rare opportunity, as
registration policy currently in force is very sensitivesoon as possible to improve product quality, and
to the authorities repeatedly questioned. According toactively develop new markets, improve after-sales
an authoritative experts predicted that, if China thisservice, improve the international competitiveness of
year to join the WTO, this measure will change.enterprises to strive for long-term occupation in this
    The source also pointed out that after thearea.
abolition of the designated operational how to control    The face of the plight of the steel trade,
the import into an urgent task. According toChina's introduction of a "middle class jacking"
commitments, China will join the WTO five years,approach to stabilize the trend of steel, China's iron
cancellation iron and steel enterprises of theand steel to achieve high-quality products win the
designated operational, that is, by 2005 all foreignmarket will not be too much by the impact of foreign
trade enterprises can operate the right to operateand limitations. China's steel market to remain stable
the steel trade. The designated operational control ofover the next five years. In addition, the steel
iron and steel products in China has been an effectiveproducts export tax rebate policy will also change the
means of imports, after the removal will adoptexport tax rebate rate will be increased.