According to the spirit and resolution of "seminar on Gum rosin derivatives and RACH" which held on August 22nd, "the application of resuming duty drawback rate for gum rosin derivatives products" has forwarded to State Revenue Bureau and State Commerce Ministry by Sub-Chamber of Forest Chemicals of China Chamber of Commerce for Import/Export of Foodstuffs, Native Produce & Animal By-Products (CFNA), concerning the better development of China gum rosin derivatives industry in future, the application appeals the government to resume the duty drawback rate for gum rosin derivatives products to 13% by export value.
The duty back rate for the export of gum rosin derivatives product has adjusted from 13% to 5% by export value after July 1st, gum rosin derivatives exporters has lost 8% of export value and export price has been lifted up, it bring negative impact on the competitive ability of Chinese gum rosin derivatives products in international market.