Italy became the first G7 country to join the "Belt and Road" initiative, opening the door to Europe to China; Japan's tariff concessions were abolished in April, and the textile industry may face even greater challenges this year; "One Belt, One Road" is a good brother! The “Silk Keqiao·Ball Global” pavilion was once again unveiled in Pakistan; the Tianjiayi explosion accident hit the “heart” of the printing and dyeing industry, and the A-shares affected the geometry; some people were happy! In March, the “treatment” of the upstream and downstream of the polyester industry chain was too much... What other domestic and international events did not miss the textile and apparel industry last week? The Global Textile Network Xiaobian has compiled the following hot spots for you. Let's review them one by one.

1. The VAT reform rules introduced a major tax reduction from April

"A large-scale tax cut and fee reduction is to move the government's stock interests and cut its own meat. So I said that this is a reform of the inward and strong men." Premier Li Keqiang answered questions at the National People's Congress. The level of VAT tax reduction rules has landed! The Ministry of Finance, the State Administration of Taxation and the General Administration of Customs recently jointly issued the "Notice on Deepening the Policies Related to Value-Added Tax Reform", and made clear the details of the policy of lowering the VAT rate, increasing the input tax deduction, and refunding the incremental tax refund. We will implement the decision-making arrangements of the Party Central Committee and the State Council, and promote substantial tax cuts for value-added tax.

2. Italian leader G7 joins the Belt and Road to open the European gate to China

On March 23, local time, during a state visit to Italy, President Xi Jinping and Italian Prime Minister Conte witnessed the signing and exchange of a memorandum of understanding on jointly promoting the construction of the “Belt and Road”. Italy became the first G7 member state to participate in the “One Belt, One Road” in the form of “official declaration”. The "One Belt, One Road" chorus advocated by President Xi Jinping sounded the Italian "high pitch".

3. Japan’s tariff concessions were lifted in April, and the textile industry may face even greater challenges this year.

The General Administration of Customs recently announced that according to the Japanese Embassy in China, the Ministry of Finance of Japan has decided not to grant the GSP preferential tariffs on China's goods exported to Japan since April 1, 2019. This means that the average tariff of about 12 billion U.S. dollars of goods exported to Japan each year is about 3%. This is not good news for China's textile and garment export enterprises.

4. Tianjiayi explosion accident hit the "heart" of the printing and dyeing industry, A-share influence geometry

As of the evening of March 24, the death toll from the serious explosion accident of Tianjiayi Chemical Company has risen to 64, 21 people are in critical condition and 73 people are seriously injured. Not only is the country's second-largest production capacity of isophthalamide, but the industry is facing the strongest safety and environmental inspections. The expected price increase for vertical and horizontal products has been reflected in the A-share market last week. obvious.

5. Some people are happy that someone is worried! In March, the “treatment” of the upstream and downstream of the polyester industry chain was too much...

Since March, the supply side support brought by the OPEC+ oil-producing countries has pushed up the oil price, and the market has seen a lot of sentiment. OPEC has released its signal of continued production reduction, which is good for stacking. The international oil price has successively updated the new high since November last year. However, in March, the raw material PX is difficult to continue, and the polyester raw materials PTA and MEG market are also weak. Unexpectedly, the polyester filament market has finally seen “uplighting”, and the overall volume and price have risen.

6. The 2019 National Science and Technology Award nomination was announced, and 15 textile projects were among them!

The nomination of the 2019 National Science and Technology Awards has ended. On March 26, the National Science and Technology Awards Office announced the 2019 National Natural Science Award, the National Technology Invention Award, and the National Science and Technology Progress Award nomination project.

This year, 295 national natural science awards projects nominated by relevant units and experts were received, 290 qualified for formal examination; 239 national technical invention award (general) projects were received, and 234 were qualified for formal examination; There were 784 Progress Award (General) projects and 767 qualified forms. Among them, there are 15 textile-related projects that have passed the formal examination.

7. "Silk Keqiao · Globally" pavilion re-appeared in Pakistan

On March 26th, Karachi time, the largest exhibition in Pakistan's textile and apparel industry, 2019 Pakistan Asian Textile Machinery and Asian Apparel Fabrics Exhibition, was grandly opened at the Karachi Exhibition Center. The “Silk Road Keqiao·Global” Pakistan Pavilion was also successfully exhibited at the exhibition under the organization of Global Textile Network and Online Textile City. Changzhou Qiqi Textile Co., Ltd., Gaomi Hongsenbao Textile Industry and Trade Co., Ltd., Shaoxing Evergreen Textile Co., Ltd., Shaoxing Keqiao District China Textile City Network Service Co., Ltd. and many other member companies participated in the exhibition.

8. A number of companies responded to the explosion of Yancheng Chemical Plant and affected four companies' subsidiaries to suspend production.

On the afternoon of March 21, the Tianjiayi chemical production plant in the Xiangshui County Ecological and Chemical Park of Yancheng City, Jiangsu Province, exploded sharply. The enterprises in the chemical park included subsidiaries of Jacques Technology, Lianhua Technology, Annoqi and Jiangsu Wuzhong listed companies. . Last night, a number of listed companies responded to the impact of the explosion at the Yancheng Chemical Plant in Jiangsu.

Among them, affected by the explosion accident, Annoqi, Lianhua Technology, Jiangsu Wuzhong, Jacques Technology said that the subsidiary is in a state of suspension.

9. Guangdong, Fujian, Zhejiang Lianfa 7 dyeing fee increase notice!

Printing and dyeing factory urgently adjust the dyeing fee! It was learned that the dye market was in a mess, the price of dyes soared, and what kind of price the market had. It is reported that the dealer's quotation mainly depends on the goods at the time, the dealers who have the goods in hand, the dealers who do not panic about sales, and the dealers with less inventory. The corresponding quotation is relatively high, but in fact the transaction price is lower than the market price. However, no matter how it has a major impact on the printing and dyeing factory! It is a last resort to increase the dyeing fee!

10. The eighth and final round of high-level consultations is just around the corner. What is the general trend of China-US textile and apparel trade?

It is understood that Liu He, a member of the Political Bureau of the CPC Central Committee, the vice premier of the State Council, and the Chinese leader of the China-US Comprehensive Economic Dialogue, and US Trade Representative Wright Heze and Finance Minister Mnuchin have recently held several rounds of telephone consultations on Sino-US economic and trade issues. The two sides agreed that Wright Heze and Mnuchin will be invited to visit China from March 28 to 29 and hold the eighth round of China-US high-level economic and trade consultations in Beijing. Vice Premier Liu He will be invited to visit the United States in early April and hold the ninth round of high-level Sino-US economic and trade consultations in Washington.

The industry hopes that Sino-US economic and trade frictions can be smoothly resolved, creating a stable and predictable international trade environment for foreign trade enterprises.