On February 18, several measures of Shanghai Municipality on the high-quality implementation of the regional comprehensive economic partnership agreement (RCEP) (hereinafter referred to as “several measures”) were officially released.
The measures have formulated 22 measures in 6 major areas, focusing on digital trade, advanced manufacturing, cross-border e-commerce, intellectual property and other fields.
China’s one belt, one road, Shanghai’s Zou Lei Party committee, director of the open strategy research center, told reporters on Shanghai Securities Daily that RCEP member states have strong complementarity with China’s natural endowments and industrial structure, and are the two way investment and trading partners of Shanghai. They play an important role in promoting the construction of the “one belt and one road”, promoting fair entry and promoting institutional openness. Several measures will promote the transformation from RCEP policy dividend to enterprise dividend, and promote Shanghai to build a new pattern of foreign development.
seize the opportunity of open economy
these areas benefit first
advanced manufacturing
How to promote the development of advanced manufacturing industry?
The “several measures” emphasize that in combination with the implementation of RCEP, accelerate the development of the “3 + 6” new industrial system (take the three leading industries of integrated circuit, biomedicine and artificial intelligence as the guide, and vigorously develop the six key industries of electronic information, life and health, automobile, high-end equipment, advanced materials and fashion consumer goods), so as to give full play to the advantages of Shanghai’s industrial foundation and resource endowment, Enhance the core competitiveness of the manufacturing industry and promote the manufacturing industry to supplement and strengthen the chain. Encourage enterprises to apply the advanced technology of RCEP Member States and strengthen the support of resources, technology and equipment.
digital trade
The “several measures” pointed out that we should cultivate technology trade and software trade enterprises and expand the export scale of basic software, applied software and advanced technology in RCEP emerging markets.
Expand the export of digital content such as digital publishing, online audio-visual, animation and games, and strengthen efforts to promote Chinese culture to go global.
Improve the international Shanghai Athub Co.Ltd(603881) level of the national digital service export base and the new port area, and promote international cooperation in digital economy under the framework of RCEP in the fields of industrial Internet, smart city, 5g, blockchain and so on.
Promote the global digital trade port of Hongqiao International central business district to take the lead, actively create Hongqiao Airport national digital service export base, and accelerate its integration into RCEP digital trade market network.
cross border e-commerce
The “several measures” proposed to further promote the integration of cross-border E-commerce markets in the region.
Encourage the cross-border e-commerce platforms of RCEP Member States to operate in Shanghai, support Shanghai manufacturing and trading enterprises to settle in the platform, and further expand the import and export of textiles and clothing, cosmetics, high-end consumer goods and other commodities.
Encourage qualified enterprises to build overseas warehouses, overseas operation centers and other service facilities in RCEP regional market.
Support the implementation of export tax rebate (Exemption) policies for goods exported by cross-border e-commerce to overseas warehouses. Support the construction of a “Silk Road e-commerce” cooperation and exchange leading area in the pilot free trade zone.
intellectual property
The measures also mentioned accelerating the construction of China (Shanghai) intellectual property protection center. Enhance the level of international cooperation with RCEP countries in the application and transformation of intellectual property rights, technological innovation and support, talent training, arbitration and mediation, sustainable development, etc.
expand import scale
deeply participate in supply chain cooperation
To speed up the high-quality development of trade in goods, the “several measures” put forward higher requirements for Shanghai.
With regard to expanding the scale of import trade with RCEP member countries, the “several measures” proposed to support enterprises to adjust the progress in combination with the preferential tax rates of RCEP member countries, expand the import of advanced technologies, equipment and key parts in the fields of integrated circuits, auto parts and medical devices, and form a benign complementarity with the industrial development of Shanghai; Encourage the import of textiles, food, high-end consumer goods and other commodities, and increase the import of energy and resource products and scarce Shenzhen Agricultural Products Group Co.Ltd(000061) .
In addition, Shanghai should expand the diversified international market for RCEP. Encourage enterprises in advantageous fields in Shanghai to deeply participate in RCEP regional supply chain cooperation, continue to enhance the transparency of border measures, improve the customs clearance efficiency of integrated circuits, new energy vehicles, medical devices and other related products and middleware, and help enterprises improve the collaborative response ability of supply chain.
It is understood that in the first month of 2022, Shanghai Customs accepted 273 import preferential customs declarations, with a value of 280 million yuan and a tariff reduction of 4.895 million yuan; 4553 RCEP certificates of origin were issued, with a value of 1.79 billion yuan; The total value of imports and exports under preferential trade reached 2.07 billion yuan.
deepen two-way investment cooperation
encourage enterprises in the Yangtze River Delta to go to sea together
In terms of deepening two-way investment cooperation, the “several measures” proposed to strengthen investment promotion for RCEP member states.
Strengthen the connection with investment promotion institutions in Shanghai of Japan, Singapore, South Korea and other countries, strengthen investment promotion, and strive to attract more foreign investment in Shanghai.
Give full play to China’s leading advantages in industrial chain, supply chain and value chain and the regional advantages of Shanghai, and support multinational companies in RCEP region to set up regional headquarters and Foreign-Funded R & D centers in Shanghai.
At the same time, it also supports enterprises to invest in RCEP member states.
Encourage Shanghai enterprises to carry out the efficient layout of “strong chain, fixed chain and supplementary chain” of supply chain and industrial chain in the region, seize the opportunity of further opening up the foreign investment field of RCEP members, focus on key countries and regions such as Singapore, Indonesia and Japan, and increase investment cooperation in agricultural resources, biomedicine, telecommunications, green energy, infrastructure and other fields, We will promote economic restructuring and industrial transformation and upgrading.
The “several measures” emphasize guiding and supporting overseas economic and trade cooperation zones to play a greater role under the framework of RCEP, encouraging enterprises in the Yangtze River Delta to go to sea and settle together, and Comprehensively Strengthening the linkage development of domestic and foreign industrial clusters.
In addition, enterprises are also encouraged to make full use of domestic and foreign market resource networks, strengthen regional industrial layout for RCEP, and carry out offshore economic and trade business including offshore processing trade.
Shi Min, director of the customs office of Shanghai Customs, said in an interview with reporters a few days ago that Shanghai Customs will continue to carry out RCEP policy interpretation and guidance to import and export enterprises, expand the scale of approved exporters, guide enterprises to make full use of the policy, and let more enterprises enjoy the dividend of RCEP policy.
