Tariffs will adjust electrolytic aluminum affected
The Documentary Army Secretary-General of the China Nonferrous Metals Industry Association’s Aluminum Branch stated yesterday that at the Fourth China Aluminum Conference, the tariff adjustment plan for resource commodities was basically established in 2007, and export tariffs on resource products would be adjusted in a wide range.
According to the literature army, export tariffs for some resource categories will be adjusted on a large scale starting from January 1 next year to further encourage the import of resources and products that are conducive to technological innovation and control the export of high energy consumption, high pollution, and resource commodities. Previously adjusted products. However, he also said that the possibility of further increasing and lowering the export tariff of electrolytic aluminum is not significant unless there is a huge change in domestic aluminum electrolytic capacity.
According to the literature army, fiscal and taxation measures for import and export (including import and export tariffs and export tax rebates) are more convenient and effective means. Once the import and export taxation policies are adjusted, they can be implemented immediately and without excuse. Electrolytic aluminum, aluminum alloys, and aluminum materials all have higher export tariffs, and aluminum products currently have a high export tax rebate rate, which has a large downward adjustment.
He said that the import and export tax policy will change with the development of the aluminum industry. From the beginning of the establishment of the China Nonferrous Metals Industry Corporation (CNNC) in 1983, the “priority in the development of electrolytic aluminum†began in 2002 to implement macro-control of the electrolytic aluminum industry. With the development of the electrolytic aluminum industry in China, the With a large number of net exports, the country’s taxation policies in the import and export sectors are also constantly changing. The reduction in export tax rebates for aluminum exports is a signal, although this adjustment has little effect on the export of aluminum materials and domestic primary aluminum consumption.
He also pointed out that the industrial policy is to position China's electrolytic aluminum to meet domestic demand, and to discourage and restrict the use of general trade, processing trade, etc., to export high-energy primary products such as electrolytic aluminum. On the basis of total quantity control, under the conditions that energy has comparative advantages and sufficient guarantees for alumina raw materials, we will develop competitive aluminum electrolytic capacity moderately in the form of aluminum and electricity joint ventures. Related supporting policies include fiscal and taxation policies, import and export policies, electricity pricing policies, land policies, environmental protection policies, credit and other policies and corresponding administrative measures.
He predicted that China's primary aluminum production capacity will reach 11.8 million tons this year. This means that China’s aluminum exports will increase by 18% from the 2.03 million tons last year. He pointed out that the digestion of excess production capacity should be achieved gradually through strict control of incremental and reasonable adjustment of stocks, active expansion of domestic demand, and gradual elimination of outdated production processes.
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