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China to increase export rebate rate from November 2018

On 8 October 2018, the Executive Meeting of the State Council was held. During this, the decision to complete the export rebate policy and accelerate the drawback was made. From 1 November 2018 specifically,

²  The respective export rebate rate of 15% and 13% on certain commodities will be both increased to 16%

²  The figure of 9% will be raised to 10% and even to 13% partially

²  The rate of 5% will be improved to 6% and even to 10% partially

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