RCEP officially takes effect, these foreign trade development opportunities are here

Yesterday, ports across the country successively welcomed inbound and outbound cargo after the “Regional Comprehensive Economic Partnership Agreement” took effect, and the first international freight trains destined for RCEP member states departed.

At 0:00 on January 1, Shenzhen Huanggang Port inspected and released the country’s first imported goods after the RCEP agreement took effect. 5.6 tons of reflective film originating in Japan enjoyed the policy dividend of tariff reduction and smooth customs clearance.

In Shanghai, after a batch of gearbox controllers from Japan arrived at the Waigaoqiao port area, they can apply for the RCEP tax rate, which is 0.4% lower than the previous MFN tax rate of 7%.

Sang Kaijia, senior manager of logistics and control of SAIC Volkswagen: It is estimated that this year will reduce taxes by 600,000 yuan, and will save more taxes in the future (for enterprises). The cost is reduced, which is good for our company, and the competitiveness of our products in the international market is greatly improved.

In the early morning of January 1, as the first “approved exporter” enterprise in Shanghai, Zhenhua Heavy Industries obtained the first certificate of origin under the RCEP in Shanghai. As the world’s leading enterprise in port engineering equipment manufacturing, 60% of Zhenhua Heavy Industry’s products are ordered by overseas customers, and port equipment has entered 105 countries and regions around the world.

Liu Chengyun, Chairman of Zhenhua Heavy Industry: Every year we have to handle more than 200 export certificates of origin, with a value of more than 1.3 billion US dollars. If we issue this statement ourselves, it will be more efficient. Preliminary calculations have shown that we can probably enjoy tariff concessions of about 4%, and our customers can also enjoy corresponding tariff concessions. The export competitiveness of our products will definitely be further improved.

In Guangxi, the first international freight train to RCEP member states after the RCEP took effect departed from Nanning in the early morning of the 1st.

Headquarters reporter Fu Qien: After the RCEP takes effect, the tariffs on the speaker products I have on this train will gradually be reduced to zero. According to preliminary statistics, the 25-container cargo on this train can directly reduce taxes for enterprises by approximately US$900,000.

Shandong’s first RCEP certificate of origin was issued in Qingdao in the early morning of the 1st, and local companies also submitted the first export tax rebate application in Shandong Province after the RCEP took effect.

Ding Chunyou, head of finance of Qingdao Textile Union Group: For our foreign trade companies, the most important thing is the speed of capital turnover. Like our declaration of export tax rebate of 2.06 million this time, basically it can be credited within 24 hours.

Weaving and Secret Member States’ trade exchanges, consolidating and optimizing value chain cooperation

RCEP officially takes effect, what impact will it bring to the economic and trade development of countries in the region? What development opportunities will it bring to the enterprises of member states?

In Vietnam, Anfa Group is a leading enterprise in the production of high-tech environmentally friendly plastics. The person in charge of the company is looking forward to the official entry into force of RCEP.

Fan Du Huiqiang, executive deputy general manager and chief financial officer of Vietnam Anfa Holding Group: For Vietnamese companies, RCEP will help simplify various procedures, greatly save time and cost, and improve competitiveness. In terms of the supply of raw materials, the certificate of origin will be further standardized, which will increase the enjoyment of tariff preferences, and enterprises will be able to further increase their profits.

Now, this company is building the largest fully biodegradable raw material factory in Southeast Asia in Haiphong, with a production capacity of 30,000 tons. They will directly enter the global green material supply chain on behalf of Vietnamese companies.

Fan Du Huiqiang, Executive Deputy General Manager and Chief Financial Officer of Vietnam Anfa Holding Group: About 37% of the plastic products produced in Vietnam are sold to China. After the RCEP takes effect, the export potential will be further stimulated, and we can also attract more Chinese investment In addition, they can come to Vietnam to build factories, build warehousing and logistics systems, and these areas have great potential for development in the future.

Statistics show that trade between RCEP member countries is getting closer and closer. In Shenzhen alone, customs data show that in the first 11 months, trade in goods with related trading partners reached 827.8 billion yuan, a record high over the same period in history.

Professor Cui Fan, University of International Business and Economics: A very important benefit of the implementation of RCEP is that it can strengthen the value chain cooperation between China and other countries, and each country can use its own advantages to produce. It will help stabilize, consolidate and optimize the Asian value chain, and at the same time will help us build a new pattern of full opening up, accelerate the construction of a new development pattern that promotes the mutual promotion of domestic and foreign cycles, and will help promote high-quality development.

(Editor in charge: Zhang Ziyi)