The customs officer of Tianhe Customs under Guangzhou Customs is issuing the RCEP certificate of origin. Photo by Yan Huiqing
Guangzhou, Jan. 9 (Zhongxin Net) — The Regional Comprehensive Economic Partnership (RCEP) entered into force on January 1 between six ASEAN member states (Brunei, Cambodia, Laos, Singapore, Thailand, Vietnam) and four non-ASEAN members, including China, Japan, New Zealand and Australia. As the world’s most populous, largest economic and trade scale and the most potential for development of the “circle of friends”, the final number of zero-tariff products in RCEP goods trade will exceed 90% as a whole, which will bring new opportunities for the development of many industries in Guangdong Province.
The reporter learned from Guangzhou Customs on the 9th that in the first week of RCEP implementation (January 1 to January 7), Guangzhou Customs issued a total of 79 RCEP certificates of origin in 7 cities (Guangzhou, Foshan, Heyuan, Yunfu, Shaoguan, Qingyuan, Zhaoqing), involving a value of about 30.732 million yuan; 8 approved exporters were identified, and relevant approved exporters issued a total of 7 independent declarations of origin, involving a value of 3.967 million yuan.
Guangzhou Xinli Industrial Co., Ltd. is a Panyu District to produce thermal insulation containers based on the enterprise, foreign trade export has a history of more than 20 years, the company’s vacuum vacuum vacuum cup pot export volume ranks in the forefront of similar industries in the country.
“According to Japan’s RCEP tariff reduction commitment to China, most of the goods we export to Japan will eventually achieve zero tariffs. On January 1, Panyu Customs issued a RCEP certificate of origin for a batch of vacuum flasks worth about 216,000 US dollars for our export, which helped us reduce tariffs by about 5,500 yuan, and is expected to reduce about 400,000 yuan for the whole year. He Ruibing, head of customs affairs of Guangzhou Xinli Industrial Co., Ltd., said happily.
Before the RCEP signing, China had signed China-ASEAN, China-New Zealand, China-South Korea and China-Australia free trade agreements with RCEP members other than Japan. Through the signing of RCEP, China and Japan reached a tariff reduction arrangement for the first time, which has attracted the attention and welcome of the majority of import and export enterprises. In the first year of the agreement, China’s tariffs on about 25% of Japanese products were reduced to zero, and Japan’s tariffs on about 57% of Chinese products were reduced to zero.
On January 4, the Foshan Customs Office in Nanhai reviewed and issued the first RCEP certificate of origin in Foshan Nanhai. Foshan Nanhai Puhe Environmental Protection Materials Co., Ltd. sold a batch of non-woven materials worth 115,000 yuan to Japan, and will enjoy the treatment of reducing the import tariff rate of goods from 5.6% to 0% in Japan with this certificate of origin, and enter the Japanese market with zero tariff. According to the value of the goods, you can enjoy more than 6400 yuan of tariff preferences. “Japanese customers have been waiting for this certificate to go through customs clearance, and it is very important for us and our customers to enjoy this tariff concession!” The company’s customs broker Miss Gao said.
Guangzhou Customs has established a special liaison system for RCEP to accept and solve various consulting problems encountered by enterprises in customs clearance in a timely manner. Since 2021, Guangzhou Customs has continued to carry out various preparations to promote the implementation of RCEP, carried out RCEP policy promotion in an all-round way through “online + offline”, so that enterprises can fully understand the benefits of RCEP policy, and at the same time, formulated a list of key enterprises to help RCEP policies, and guided more than 100 enterprises such as Midea Group to apply for the qualification of approved exporters on a “one-to-one” basis, rationally layout the industrial chain and supply chain in combination with tariff concessions and differences in rules of origin, and enjoy policy dividends to the greatest extent. (End)
Source: China News Network