State Administration of Taxation has released yesterday the second batch of tax rebates in less than a month, which consists of 3770 items covering most technical grade pesticides.

The new tax rebates will take into effect starting on Dec 1st, 2008, most technical grade pesticides will enjoy an increase of tax rebates from 5% to 9%. Out of all items, 2,4-D and Glyphosate are among the most popular exported herbicides; other fungicides including Carbendazim, Benomyl, Tebuconazole, Mancozeb and insecticides such as Imidacloprid, Acetamiprid etc, tax rebates will increase from 5% to 9%.

Last month, China announced an increase in tax rebates that targeted textile, toy and clothing producers, covering more than a quarter of all exports. The latest round of tax rebates is likely to stimulate Chinese agrochemical export sector by beginning of next year.

Other agrochemicals which tax rebates will increase up to 13% after adjustment including Tridiphane, Acetofenate, Dinoterb acetate, Acequinocyl, Gibberelic Acid, Dioxacarb, Endothion, Propylisome, Ethofumesate, Butopyronoxyl, Dikegulac, Bt.

By end of 2008, five organophosphate insecticides which were banned for agricultural use in mainland China in January 1st last year, will be entirely prohibitted for export, said Chinese Ministry of Environmental Protection lately. These five organophosphate insecticides including Methamidophos, Parathion-methyl, Parathion, Phosphamidon and Monocrotophos.

Due to a minimal export application process of 20 days, all manufacturers are required to submit their applications before December 5th. Overdue exports will be treated as illegal export. It is obvious that China is showing its determination to phase-out more highly toxic pesticides in the future.

Along with the cancelation of BCPC meeting in Glasgow, this year's AgrochemEx in Nanjing is expected to attract 40% more exhibitors and visitors from domestic and all over the world. AgrochemEx will become another main event for agricultural industry in China, follows after CAC Shanghai, which will held in March annually.

The organizer China Crop Protection Industry Association (CCPIA) has announced that 2009's AgrochemEx will be moving from Nanjing to Shanghai for its strategic location. It will be held at Shanghai Everbright Convention Centre from 28-30th October 2009, which will likely increase the number of participations across the regions. Psyche Chemicals will be taking part in both exhibitions CAC and AgrochemEx during the spring and fall, we welcome all agrochemical industrial friends to visit us in the fairs.