Market rumors that China may adopt a positive corn export policy
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Last Update: 2002-03-18
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Source: Internet
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Author: User
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Introduction: after China's accession to the WTO, corn export subsidies will be cancelled in accordance with the WTO commitments, so the competitiveness of corn export will be significantly weakened Recently, it is rumoured in the domestic market that relevant parties are studying and adjusting the export policy of corn, including temporarily exempting 13% of the value-added tax on the export corn; reducing the railway transportation fund in the northeast region; reducing the port fee standard; encouraging the export of low-cost corn stored by the state According to experts familiar with WTO rules, developing country Member States should give up some kind of tax to promote the export of agricultural products If the tax relief is within the original tax amount, in principle, it should not be regarded as some kind of subsidy in conflict with WTO rules Recently, it is rumoured in the international market that China grain group began to offer corn after the shipment in July and August, with the lowest offshore offer of about $100 / ton, mainly through private negotiations
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