In the first month after the implementation of the Regional Comprehensive Economic Partnership agreement, nearly 8 million yuan of exported goods in Gansu enjoyed preferential treatment

2022-05-04 0 By

Since the Regional Comprehensive Economic Partnership (RCEP) was formally implemented on January 1, Lanzhou Customs has issued 14 RCEP certificates of origin by January 31, with a visa value of nearly 8 million yuan.The main export destinations are Japan and Thailand, and the main products are agricultural products such as broad beans, millet, dehydrated vegetables, nickel products and licorice products.”After our nickel products are exported, the applicable tax rate for RCEP co (CepA) will be reduced from 3.0% to 0%. The first RCEP CO (CEPA) issued to us by the customs will allow us to enjoy an import country tax concession of nearly 12,000 yuan.”Jinchuan Group nickel alloy Co., LTD.Gansu Pan-Zhi Pharmaceutical Co., Ltd. is a licorice products processing enterprise located in Lanzhou city. Since the implementation of RCEP, the company has applied for 3 RCEP certificates of origin for licorice products exported to Japan, enjoying preferential tariff value of nearly 2.3 million yuan.”The RCEP’s entry into force is a great boon to our companies.The customs immediately gave us accurate policy interpretation and guided us to make full use of the policy dividend.”Gansu pan-planting pharmaceutical Co., LTD. Foreign trade manager Wenzong gang said.Lanzhou Customs staff introduced, “In terms of tariff preferences, after RCEP takes effect, more than 90 percent of trade in goods in the region will gradually realize zero tariff.Through the RCEP tariff preference arrangement, enterprises in the region can significantly reduce production costs and consumers can enjoy better quality and cheaper products.At the same time, enterprises can fully consider the integration of RCEP and other free trade agreements, skillfully use rules of origin, especially cumulative rules and ‘back to back’ certificate of origin system to plan transaction processes and logistics arrangements, and optimize the layout of industries and supply chains.”The RCEP is now in force for China, Brunei, Cambodia, Laos, Singapore, Thailand, Vietnam, Japan, New Zealand and Australia.Starting from February 1, the RCEP agreement will come into force for the ROK. Goods exported from China to the ROK that meet or qualify for RCEP origin can also apply to the CUSTOMS for issuing CERTIFICATES of origin under RCEP.Source: Lanzhou Daily