Japan plans to increase the import tariffs on more than 400 Chinese products for daily necessities and clothing

Japan plans to raise import tariffs on more than 400 kinds of Chinese products. The impact on foreign trade companies in Zhejiang is temporarily small. This newspaper reported that Xu Xiuye, the largest newspaper in Japan, reported that the Japanese government decided to raise more than 400 kinds of Chinese on the 28th. Product import tariffs.

According to the plan formulated by the Japanese government, in the future, from the products imported from China, the number of products that do not enjoy “preferential tariffs” will increase from 13 to about 450. Product categories include daily necessities, clothing, and agricultural products. The Japanese government plans to submit the plan at the Congress to be held early next year and formally implement it on April 1. What kind of impact will this have on foreign trade companies in Zhejiang?

Exports of primary consumer products will be affected. Tatami sales are very large in Japan's domestic market, and a large part of such products come from China. Mr. Chen’s factory specializes in the production of tatami products exported to Japan in the suburbs of Hangzhou, but recently he is trying to turn to the high-tech agricultural products industry. “Tatami’s profits are low, relying mainly on export tax rebates, and 70% of profits come from tax rebates if Japan raises import taxes. The Japanese importers are bound to press prices lower and affect profits. But on the surface, this effect is not easy to show in the short term.” Mr. Chen told reporters that the reason why he has to switch to high-tech agricultural products industry is that Tatami is a good market in Japan but it earns too little and belongs to the low end of the industry chain.

"I export 10% of all products to Japan each year, mainly Japanese foreign trade companies processing bamboo products." Wang Xiaoping is the head of Huzhou Small Bamboo Products Co., Ltd. He said that in recent years Japan's demand for bamboo products Increasing year by year, his product sales are better than one year in a year. Due to the export of finished products, the profit margin is relatively large. Even if there is no “preferential tariff system”, it will not be affected. He said that the export of low-profit primary products may be subject to greater impact, and this policy in turn has certain pressure on Japanese domestic import companies.

Hearing about the need to levy import duties on apparel products, the first reaction of Ma Yue is that the total amount of exports may decrease next year. Her foreign trade companies mainly export garments and daily necessities. The customer market is mainly distributed in Europe, America and Japan. “Japan’s elimination of preferential tariffs for certain categories of products in China will require importers to look for more preferential import countries as substitutes, such as relatively underdeveloped countries, as consumer products with low profits, and foreign trade products for Sales will certainly decrease, but the market is global and the impact will not be too great."

Rising retail prices of Japanese goods It is understood that in recent years, China’s exports to Japan have grown sharply, with annual imports exceeding 10 trillion yen. According to statistics, Japan's ex-gratia tariff quota is 5.5 billion yen, of which about 20% are enjoyed by China. In 2010, 36 of the 78 product areas used ex-gratia tariffs, and reached the upper limit, with more than 500 varieties. The Japanese side believes that lowering the utilization ceiling of a country can reduce China’s share of the use, which will benefit other developing countries. Foreign trade data show that the Japanese market is currently the third largest market in Zhejiang except for Europe and the United States.

"Nihon Keizai Shimbun" uses the silk tie as an example. Japan's annual import volume is 10 billion yen. If the general tax rate is to be used, it will be subject to a 13.4% tariff, and after enjoying the preferential tariff, the tax rate will be zero. “Since this program has not yet been formally implemented, the impact on foreign companies in Zhejiang cannot be judged yet. However, the export volume will inevitably drop when it comes to product categories that do not enjoy the “Ex-gratia tariff system.” Raising import tariffs on Chinese products may lead to domestic The retail price of commodities has risen," said a person in charge of the General Office of the Zhejiang Provincial Department of Commerce.

According to reports from the Japanese media, Japan has always adopted a low-tariff "preferential tariff system" for products imported from China and other developing countries from the perspective of supporting economic development. However, considering that China will surpass Japan to become the second largest economy in the world, the Japanese government believes that if the system continues to be implemented on Chinese products, it will deviate from its original intention of “helping the poor.”

Author: Hsiu atmosphere