China News Service, Yinchuan, January 1st (Reporter Yu Jing) On January 1, the "Regional Comprehensive Economic Partnership Agreement" (hereinafter referred to as: RCEP) formally came into effect. The first batch of countries that took effect include Brunei, Cambodia, Laos, and Singapore. , Thailand, Vietnam and other 6 ASEAN countries and 4 non-ASEAN countries including China, Japan, New Zealand and Australia.
On the same day, Ningxia Jiafeng Chemical Co., Ltd. received the first certificate of origin from the Ningxia Expo Bureau (CCPIT).
With this certificate of origin, a single order can reduce tariffs of US$11,000 for Japanese customers.
"Before the RCEP came into effect, Japan’s basic tax rate for dicyandiamide was 3.1%, which is a significant cost to Japanese customers. Yesterday we communicated with Japanese customers that the tariff reduction of nearly 11,000 US dollars, customers I am very satisfied, saying that he will greatly increase orders from Hejiafeng in the future." The person in charge of the enterprise told a reporter from Chinanews.com.
It is understood that on November 15, 2020, after the conclusion of the 4th Regional Comprehensive Economic Partnership Leaders’ Meeting, the 10 ASEAN countries and 15 Asia-Pacific countries including China, Japan, South Korea, Australia, and New Zealand formally signed the RCEP.
According to the agreement, each contracting party of import shall grant preferential tariffs to goods of origin based on the preferential certificate of origin under the agreement.
The preferential certificate of origin is a necessary certificate for foreign customers to enjoy tariff reduction or exemption when exporting Chinese origin goods to the customs clearance of the importing country of the contracting party.
The relevant person in charge of the Ningxia Expo Bureau (CCPIT) told the reporter of Chinanews.com that the RCEP agreement has many benefits for foreign trade enterprises. Through the business, product sorting and inquiries of Ningxia exporting enterprises to Japan, Australia, New Zealand and ASEAN in recent years, Ningxia Expo The Bureau (China Council for the Promotion of International Trade) found that many companies meet the conditions and can enjoy tariff reductions and exemptions.
In order to do a good job in the relevant work after the effective implementation of RCEP and help Ningxia enterprises to integrate into the “Belt and Road” construction and the new development pattern, the Ningxia Expo Bureau (CCPIT) adopts various methods to review the rules of origin of RCEP and related free trade agreements in accordance with the export situation of Ningxia. Compare, interpret and preach.
In 2021, the Ningxia Expo Bureau (CCPIT) is committed to helping enterprises to plan for tariffs, issuing a total of 540 preferential certificates of origin, covering 10 free trade agreements, involving an amount of 68 million US dollars, and helping enterprises' foreign customers to enjoy tariff preferences 325 Ten thousand U.S. dollars.
The person in charge stated that in 2022, the Ningxia Expo Bureau (CCPIT) will continue to innovate service methods, further increase the utilization rate of RCEP and other free trade agreements, and guide enterprises to give full play to the "valuable securities" and "golden keys" of preferential certificates of origin in the field of international trade. "The role is to open up the international market, expand the scale of exports, and promote the high-quality development of trade.
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