Expansion of advanced equipment import is made possible | e-appunti

In the recent year, although our electro-mechanical equipments import volume is rising, our independent innovation abilities are not strong and technology absorption is weak. From the status supplied by Department of Commerce, domestic electro-mechanical equipments manufactures patent in the overseas market only account for less 1% of the whole world. And exports volume of the brand equipments is very little.

At the commercial conference of china electro-mechanical division in 2008, Minister of Department of commerce, Jiang Yaoping, said that we shall actively expand the import volume of advanced technology equipments, strengthen the ability of technology introduction, absorption and innovation, speed up the pace of upgrading industrial structure.

Director General of Electro-mechanical division of Department of Commerce and vice-director of Chinese electro-mechanical imports and exports office, Wang Huaqin said that: we shall put more effects in the introduction, absorption and innovation of key projects, critical fields, key technology and common technique. And transform from the import of technical equipments to introduce more technology cooperation, transfer and joint production in the national major equipment project such as, railway, electric power, energy, environment protection etc.

This conference was held on May, 12-13 2008, in Xian city. At the conference, Jiang Yaoping said that: together the related department, department of commerce will take various measures to expand import of advanced technical equipments. These measures include: take advantage of 5 billion of subsidized capital, import more from key countries, bridge the difference between imports and exports, urge the developed countries to relax the regulations of export, perfect the international bidding institutions and import regulations about electro-mechanical imports.

Wang Qinhua expressed that we shall support the policy of business driven by technology, take advantage of the innovation base role, push forward the transform of high and new technology industries from assembly processing to independent innovation, and improve the value-added and key competition of high and new technology industries. We shall build up an industrial cluster with strong international competitiveness, covering industries such as advanced manufacturing, biotechnology, environment protection and energy.

If an FIP is newly included as ?encouraged? in the 2011 FDI Catalog, it can apply for the ?Project Confirmation Letter? from the local departments in charge of investments. Upon receipt of the letter, the project will gain eligibility for the favorable tax treatment stipulated in this announcement. However, taxes imposed on its previous imports of equipment for self use will not be refunded.

In addition, to be eligible for the tax treatment, the aforementioned imports shall be part of the FIP?s total invested capital, which is usually a combination of its registered capital and debt financing.

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Source: http://www.bunyk.com/2012/11/14/expansion-of-advanced-equipment-import-is-made-possible/

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