Source: Yiwu sourcing agent Author: Gary Date: 2008-05-14
As the chief officer of a foreign trade company in Yiwu, Chen needs to deliver a batch of his hardware products urgently."I've contacted many local transport agents for shipping space, but they told me to wait because the shipping space will remain in short supply within two weeks," he said.
The shortage of shipping space is mainly caused by the haste of many textile and clothes enterprises from other provinces which have occupied most of the shipping space in advance and attempt to deliver their goods before July 1. As a result, the shipping space becomes hard to be obtained by Yiwu enterprises, even if they book it two weeks in advance. According to the introduction by an employee in Yiwu International Logistics Center, at present many foreign trade companies in the city are troubled by such an embarrassing and trantalizing situation: batches of goods are waiting for delivery but the shipping space canot be found.
On June 18, Notice on Lowering the Level of Export Tax Rebate of Some Commodities by the Ministry of Finance and State Administration of Taxation was released, which regulates that the level of export tax rebate of 2,268 kinds of commodities be lowered to a certain degree, including clothes, shoes and caps, bags and suitcases, toys, paper products, cooking oil, etc. Accordingly, the short period of about ten days before July 1 becomes the last opportunity for the enterprises to enjoy the previous policy of export tax rebate. This situation makes the price of shipping space of each container very high."The price surge is obvious. It has risen to 5,000 USD (including supplementary tax, same as below) for every TEU goods in the American line. Besides, the shipping price of each TEU also goes up rapidly in the Middle East line, increasing from 1,000 USD two months ago to 2,800 USD at present, up by two times," said Xue Guolian, the person in charge in Yiwu Guolian Logistics Company, when remarking on the shortage of shipping space.
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