Recently, the United States Department of Commerce Secretary Locke announced 14 proposals to strengthen the anti-dumping trade law. Of these, the following three proposals is extremely easy to trigger trade friction: United States importers in the initial tariff announced after delivery of the deposit, the Department of Commerce in calculating anti-dumping and countervailing duty, the Elimination of export taxes and labor costs included in the calculation of the tariffs of account, as well as the extension of the anti-dumping the list included foreign firms warning period.
Currently, the global private sector demand still failed to activate, and the Government austerity budget deficit the Government reduced demand, which means that countries of export-oriented policy for external demand will increase trade friction.
There is no doubt that the global and then inventory, domestic export tax rebate policy adjustments, and other factors, a high-growth Chinese exports, such as the July exports increased by 38% to $ 287 billion trade surplus. However, China's export growth of these factors are not sustainable, as China's main export market economy slowdown, export to adjust the risk inventory, plus Europe and now starts competing for external requirements "mercantilism" policy, China's external trade conditions may be poor.
Dealing with trade disputes should be avoided to not to reciprocate the counter, but through effective communication and negotiation, mutual benefit and win-win to eliminate current underlay to the many barriers to international trade, the promotion of free trade. In fact, on the grounds of security, and other developed countries to contain the technology-intensive goods in international trade, and some developing countries to protect domestic strategic industry, to a certain extent hindered trade freedom, thereby artificially lower global demand. Therefore, if the current mild trade friction can contribute to the rational and moderately lower trade barriers, will help to relieve the global economy at the end of the second exploration.
The United States Department of Commerce of 14 proposals will make China's merchandise exports United States market offers significant impact. The United States should be based on positive communication, appropriate relaxed trade barriers, the United States should be appropriate to relax the Chinese high-tech exports, promote dialogue and trade. The Chinese side you should consider appropriate relax some capital-intensive industries of import controls and moderate lowering import tariffs, to promote the development of related industries. Current moderate decrease in response to important areas, key industry protection threshold, contributed both to low-cost sharing international technology spillovers and help to mitigate trade friction. Deserves to be sure, the current Chinese Government is considering developing import promotion policies, fully embodies the China trade issues, cooperative attitude.
At the same time, the current United States Department of Commerce in calculating anti-dumping and countervailing duty, the Elimination of export taxes and labor costs included in the calculation of the tariffs of account, this will affect the competitiveness of China's merchandise exports; and once China through reduced export rebate stimulate export, United States-paid based on the export of Chinese products tax measure correction. Given that China has in 2009 VAT in transition, the Chinese Government the right to cancel the export tax rebate policy, consideration should be given to allow enterprise-production investment purchase tax on value added tax-deductible, before appropriate to relieve the pressure of exporting enterprises, prevent the outflow of tax rebates.
In addition, in order to radically reduce China trade conditions facing the grim situation, having gradually rectify excessive reliance on investment and export growth pattern, that is, the perfection of corporate income tax credit standards, and other means to reduce the tax burden, effective mechanisms to promote labour collective agreements, reform of tax and revenue assignment and allocation system, promote an increased level of income, improving the domestic market of effective demand. At the same time, speeding up the monopoly of the market-oriented reform, government economic management function for domestic reform, reduce transaction costs, mitigate or even eliminate hidden income engulf, promote the development of the domestic market.
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