Adjustments of Export Tax Improve Foreign Trade of Tungsten Heater

Tungsten HeaterTungsten Heater

In recent years, with the rapid development of the network, foreign trade in China has also increase, considering that the comprehensive utilization of both domestic and foreign markets and resources, since January 1, 2016, China has made some adjustments for the relevant economy policy on foreign trade. 

According to Economic Daily News reports in April 23, the Ministry of Finance on the same day issued a "Ministry of Finance of the People’s Republic of China on the Adjustment of Export Tax on Some Products," after the approval of the China’s State Council, China decided to cancel export tax of the iron particles, rare earth, tungsten, molybdenum, etc. A rare earth mineral is a mineral that contains one or more rare earth elements as major metal constituents. Rare earth has the reputation of "industrial vitamin". Now it has become an extremely important strategic resource.

As tungsten related products, the cancellation of export tariff is not only conducive to the export of tungsten heater and other tungsten products, but also ease the pressure on the domestic oversupply to some extent, so that the market of wolfram heater element gets better. On the other hand, the cancellation and declining of export tariffs on some products have a great thrust for export trade enterprises. It is not only declining of costs, but also the encouragement for business confidence by the country.

For manufacturers, China continues to take active measures for importing advanced equipments, key components and energy raw materials, continuing to reduce the import tariffs on the products. These positive related policies will be conducive to importing the required devices for the preparation of tungsten heater, so that quality and quantity of the tungsten products can be improve. Whether in imports or exports, China continues to adjust tariffs to some extent, which has a promoting effect on the development and utilization of rare earth.

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