**Widespread cancellation of export tax rebates for chemical products

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On June 22, the Ministry of Finance and the **State Taxation Administration issued a joint statement specifying that, starting from July 15, export tax rebates for products under 4.6 tariff codes would be abolished. These products include many chemical products from industries such as pesticides, phosphate chemicals, basic raw materials, plastics, and rubber. The relevant documents and attachments can be found at the following website: http://szs.mof.gov.cn/zhengwu*n*/zhengcefabu/201006/t20100622_323730.html **Official website of the Ministry of Finance**. For the chemical industry, this is a clear signal sent by senior officials; there is no doubt regarding the seriousness and strictness of policies aimed at energy conservation and emission reduction. Local enterprises, especially those that are highly energy-intensive, polluting, and dependent on resources, need to plan ahead and undergo transformation as soon as possible, as those that act quickly will benefit sooner. Everyone is welcome to discuss this topic.