THIS CIRCULAR ESTABLISHES STANDARDS FOR INCENTIVE AWARDS TO ENTERPRISES EXPORTING TEXTILE AND GARMENT PRODUCTS TO UNQUOTA MARKETS IN ORDER TO ENCOURAGE THEM TO EXPAND THEIR MARKETS IN THE LAST TWO MONTHS OF 1997. PRODUCING OR TRADING ENTERPRISES WILL RECEIVE QUOTA AWARDS CORRESPONDING TO THE QUANTITY OF PRODUCTS EXPORTED.
적용 범위
ENTERPRISES PRODUCING AND TRADING TEXTILE AND GARMENT PRODUCTS.
핵심 사항
- FOR PRODUCING ENTERPRISES: EXPORTING 5 UNQUOTA PRODUCTS WILL RESULT IN A QUOTA AWARD OF 1 PRODUCT TO BE EXPORTED TO THE EU IN 1998.
- FOR TRADING ENTERPRISES: EXPORTING 10 UNQUOTA PRODUCTS WILL RESULT IN A QUOTA AWARD OF 1 PRODUCT TO BE EXPORTED TO THE EU IN 1998.
- THE PERIOD FOR CONSIDERING INCENTIVE AWARDS IS FROM NOVEMBER 1, 1997 TO DECEMBER 31, 1997, WITH DOCUMENTS TO BE SUBMITTED TO THE MINISTRY OF TRADE BY JANUARY 10, 1998.
🌐 이 문서의 사회적 영향
- POSITIVE IMPACT: ENCOURAGING ENTERPRISES TO EXPAND MARKETS AND INCREASE EXPORT VOLUMES.
- NEGATIVE IMPACT: IT MAY CREATE PRESSURE ON ENTERPRISES TO COMPLETE EXPORTS QUICKLY WITHIN A SHORT TIMEFRAME.
❓ 자주 묻는 질문
HOW MANY PRODUCTS ARE AWARDED?
PRODUCING ENTERPRISES WILL RECEIVE AN AWARD OF 1 PRODUCT WHEN EXPORTING 5 UNQUOTA PRODUCTS, WHILE TRADING ENTERPRISES WILL RECEIVE AN AWARD OF 1 PRODUCT WHEN EXPORTING 10 UNQUOTA PRODUCTS.
WHAT IS THE PERIOD FOR CONSIDERING INCENTIVE AWARDS?
THE PERIOD FOR CONSIDERING INCENTIVE AWARDS IS FROM NOVEMBER 1, 1997 TO DECEMBER 31, 1997, WITH DOCUMENTS TO BE SUBMITTED TO THE MINISTRY OF TRADE BY JANUARY 10, 1998.
WHO IS ELIGIBLE FOR THE INCENTIVES?
ENTERPRISES PRODUCING AND TRADING TEXTILE AND GARMENT PRODUCTS ARE ELIGIBLE FOR INCENTIVE AWARDS UNDER THIS REGULATION.
WHAT REQUIREMENTS DOES THE EU MARKET HAVE?
PRODUCTS AWARDED WILL BE EXPORTED TO THE EU MARKET IN 1998, BUT THE CIRCULAR DOES NOT SPECIFY ANY SPECIFIC REQUIREMENTS OF THE EU MARKET.
WILL THERE BE PENALTIES IF DOCUMENTS ARE NOT SUBMITTED ON TIME?
THIS CIRCULAR DOES NOT ADDRESS SANCTIONS FOR ENTERPRISES THAT DO NOT SUBMIT DOCUMENTS ON TIME, SO IT IS UNCLEAR WHETHER THERE WILL BE PENALTIES OR NOT.
전문
CIRCULARJOINT CIRCULAR
Regarding the encouragement award for textile and garment export
As of October 1997, the export turnover only reached 7.1 billion USD (equivalent to nearly 80% of the annual plan). The export task for the last two months of the year remains very heavy. The export turnover of textile and garment products still holds a very important position in the structure of export goods of our country.In order to encourage enterprises that have actively expanded non-quota markets with high export values in the last two months of 1997, the Ministry of Trade and the Ministry of Industry have agreed to apply the quota bonus system as follows:
1. Criteria for award consideration:
a. For enterprises producing and exporting textile products:
Bonus level: Exporting five products to non-quota markets will be rewarded with a quota bonus of one product of the same type to be exported to the EU in 1998.
b. For enterprises trading in the export of textile products:
Bonus level: Exporting ten products to non-quota markets will be rewarded with a quota bonus of one product of the same type to be exported to the EU in 1998.
c. Time frame: Valid export documents of consignments exported to non-quota markets (B/L, invoices, customs declaration forms completed and signed within the period from November 1, 1997 to December 31, 1997) must be submitted to the Ministry of Trade before January 10, 1998 for award consideration.
The Joint Export Management Committee of the Ministries will base on the valid export files of enterprises to report to the leadership of the Ministry for approval to grant bonus quotas according to the above regulations.
Assign the Joint Management Committee of the Ministries to monitor implementation and submit a summary report to the Ministry's leadership on the results at the beginning of February 1998.
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