Original Title: Chengdu Customs Issued Sichuan’s First RCEP Certificate of Origin, Foreign Trade Enterprises Ushered in New Development Opportunities
China News Service, Chengdu, January 1st (Ma Dongmei Zhang Lang) At 0:10 on the 1st, Jincheng Customs, a subsidiary of Chengdu Customs, successfully issued Sichuan’s first RCEP for a batch of aluminum cans exported to Thailand by Zero Cryogenic Technology (Chengdu) Co., Ltd. The certificate of origin marks the first time that RCEP has landed in Sichuan, and has written a historic mark for the development of Sichuan’s foreign trade.
On the same day, the “Regional Comprehensive Economic Partnership Agreement” (RCEP) formally came into effect. The total population, total economic output and total exports of RCEP member countries account for about 30% of the global total, which contains huge economic volume and room for development. In the first November of 2021, Sichuan’s import and export value to RCEP countries was 265.25 billion yuan, accounting for 31.1% of Sichuan’s total foreign trade. More than 3,100 enterprises in the province started trade with RCEP countries. The landing of RCEP in Sichuan will have a profound impact on the development of foreign trade enterprises.
It is understood that in order to ensure the smooth implementation of RCEP in Sichuan, Chengdu Customs has set up a special class for RCEP tariff implementation, which has been prepared for 10 months, during which RCEP related policies were announced to enterprises in various forms. On the eve of the launch of RCEP, Chengdu Customs also held an online theme of “Opening to Lead the Future, Facilitating the Promotion of Business Opportunities” through “Live Video + Cloud Replay”-“Regional Comprehensive Economic Partnership Agreement” (RCEP) thematic policy interpretation, from RCEP The rules of origin, tax concessions, and the approved exporter system will be preached.
“In the next step, we will also strengthen the research on RCEP rules, increase policy publicity, and provide precise guidance to key enterprises by industry, so that enterprises can better understand the RCEP agreement, make better use of the preferential terms of the agreement, and make the agreement more effective. Good benefit to enterprises in Sichuan Province,” said Zou Dake, a staff member of the Customs Duty Department of Chengdu.
Chengdu Customs issued the first RCEP certificate of origin in Sichuan.Photo courtesy of Chengdu CustomsZero Cryogenic Technology (Chengdu) Co., Ltd. received the first RCEP certificate in Sichuan. The business specialist Wang Wei said, “I saw the policy promotion of RCEP a few months ago, but I did not expect to catch up with the first RCEP certificate in Sichuan. When shipping to Thailand, the tariff dropped directly from the previous 9% to 0. Thanks to the customs staff for working overtime on New Year’s Day to issue certificates for us. The development of foreign trade has brought us real bonuses of gold and silver!”
RCEP can not only bring tangible tariff “discounts” to enterprises, but the procedures are not complicated. It is understood that the customs facilitation review measures will be further upgraded in the future. Through “smart review” and “self-service printing”, companies can apply for a certificate within a few minutes and complete the certificate application procedures at home. Zou Dake said, “Enterprises can apply for RCEP certificates either at the customs business site or by self-service. Certificates exported to Singapore, Thailand, Japan, New Zealand and Australia can be self-printed from now on, and other countries will also gradually open them.”
Chen Hong, Deputy Director of the Customs Duties Department of Chengdu Customs, said, “Foreign trade companies should strengthen their learning of RCEP rules based on their own actual conditions, so as to ensure that they are properly seated, use adequate policies, share benefits, and make arrangements in advance. At the same time, through the RCEP accumulation rules, companies can obtain RCEP. The borders of origin qualifications have widened and the threshold has become lower, making corporate profits expected to increase, and the price of finished products is expected to decrease, and some upstream products in capital-intensive industries such as primary processing and manufacturing may be transferred to Southeast Asia, and the industrial chain may be transferred from domestic enterprises. Transition into a multinational company. Companies should pay close attention to changes in the industrial chain and supply chain, and plan and deploy well in advance.” (End)
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