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Duan Jiaxuan, a researcher in the machinery industry of China Investment Consulting, believes that in 2009, due to the weak market in Europe and the United States, China’s machinery industry exports showed a sharp decline. In 2010, the recovery situation in Europe and the United States market is still not optimistic, and Brazil is represented in development. The country, the economic recovery is even better, and the one-year reduction of import tariffs introduced by the Brazilian government will directly stimulate China's machinery and equipment manufacturers to increase exports to Brazil, which is a time for China's machinery manufacturing enterprises. Good development opportunities.
According to the data of CIC Consulting Industry Research Center, in 2009, China's machinery industry earned a total of US$195.8 billion in foreign exchange exports, down 19.25% year-on-year. The export situation is grim. In the first two months of 2010, due to the impact of the sovereign debt crisis, the recovery of the European and American economies is worrying. It is expected that the shrinking demand in Europe and the United States will be difficult to change in the short term, while emerging markets such as Brazil and India will be restored due to economic recovery. Good, domestic engineering construction projects are gradually increasing, and the demand for machinery and equipment is gradually increasing.
In addition, the Brazilian government began to implement a one-year reduction of import tariffs in early February. China's machinery manufacturing enterprises are expected to directly benefit, and the impact on some of the counterparts in the tax reduction list is most obvious. Because the tariff reduction will directly bring about the price advantage of China's products is stronger, the cost performance is higher, and the good cost performance will help expand the market share of China's machinery manufacturing enterprises in Brazil, and the excess funds saved can continue to turn. And invested in the R&D innovation of the enterprise.
Duan Jiaxuan also pointed out that the Brazilian government's implementation of the temporary tariff reduction measures, although it is a major positive for the enterprises involved in tax reduction related products, but also has a narrow coverage, which is less for some SMEs or export business. The substantive impact of the company is small.
According to the latest “2010-2015 China Machinery Industry Investment Analysis and Prospect Forecast Report†issued by China Investment Consultant, most countries in the world have a distinctive feature in the tariff structure, and tariffs continue to increase with the gradual deepening of product processing. The same is true of the machinery industry. Specifically, the tariff rate for mechanically manufactured goods is higher than that for intermediate products, and the tariff rate for intermediate products is higher than that for primary products.
Brazil temporarily reduces tariffs and machinery industry seizes opportunities
The Brazilian Foreign Trade Commission announced that starting from February 5th, the import tariffs of 147 kinds of mechanical equipment and information communication products in Brazil will be reduced to 2%, and the two kinds of information and communication products will implement zero import tariffs, valid until December 31, 2010. It is understood that the tax reduction mainly involves railways, metallurgy, civil buildings, and petroleum.