On January 1, 2022, the regional comprehensive economic partnership agreement (hereinafter referred to as RCEP) officially entered into force. At 0:15 on January 1, the first RCEP Certificate in Hunan Province was born. RCEP is effective in China, Japan, New Zealand, Australia and 10 ASEAN countries, including Brunei, Cambodia, Laos, Singapore, Thailand and Vietnam. This free trade zone with the largest population, the largest membership and the most dynamic development will be beneficial to Hunan’s engineering machinery, automobile, electronic information, chemical industry, non-ferrous metals, food processing and large consumption fields, help Hunan build a new highland inland and go to sea, and Hunan’s foreign trade will meet a good pattern of competing for the best.
many RCEP certificates were born on the first day of the new year
On January 1, 2022, Changsha Customs handled 13 RCEP certificates of origin for export enterprises in Xiangxi Tujia and Miao Autonomous Prefecture, Zhuzhou, Huaihua, Yongzhou, Yiyang, Shaoshan and other places, with a visa amount of nearly US $3.5 million. It is expected that enterprises can enjoy a tariff reduction of about RMB 100000 in the destination country.
Among them, Xiangxi customs under Changsha Customs issued Hunan’s first RCEP certificate of origin for the US $2.78 million electrolytic manganese sheet exported by Xiangxi Fengda Alloy Technology Co., Ltd. to Japan. With this certificate, enterprises can enjoy tariff concessions of nearly 40000 yuan in the destination country. Guo Dan, business manager of Xiangxi Fengda Alloy Technology Co., Ltd., introduced: “The five batches of goods we exported years ago are still in the process of shipping, just in time for the preferential policy of RCEP tariff reduction. The tax rate of electrolytic manganese sheet exported to Japan is reduced from 3% to 2.8%. After the customs issues the certificate, we immediately express it to Japanese customers to enjoy tariff reduction. RCEP certificate is real ‘paper gold’.”
The reporter learned that on January 1, the lamps exported to Thailand by Huaihua Qianyang foreign trade comprehensive service Co., Ltd. obtained the RCEP certificate of origin issued by Huaihua customs under Changsha Customs. The visa amount is US $52000, and can enjoy the Thai tariff reduction of nearly 60000 yuan. This is the first RCEP certificate of origin in Huaihua. On January 1, Yiyang customs under Changsha Customs issued a certificate of origin for Zhanjiang Guolian Aquatic Products Co.Ltd(300094) to export crayfish to Singapore with a value of 83700 US dollars, which is the first RCEP certificate of origin in Yiyang. On January 2, Zhuzhou customs under Changsha Customs issued RCEP certificate for Zhuzhou Cemented Carbide import and Export Co., Ltd., which mainly exports cemented carbide materials, and its products are sold to Southeast Asia, Japan, South Korea and other places.
Hunan welcomes many good
Hunan is one of the largest inland provinces to the sea, and has good business relations with RCEP member states. According to the statistics of Changsha Customs, from January to November 2021, the total import and export trade of Hunan Province to RCEP member countries was 1049.24 billion yuan, a year-on-year increase of 26.3%. Changsha Customs issued 19800 certificates of origin and $1.429 billion visas for Hunan’s export products to RCEP member countries, helping enterprises enjoy tariff concessions of $71.45 million in the destination country; 3788 import preferential customs declarations and 366 million yuan of tax concessions were accepted.
According to the staff of Changsha Customs, after the implementation of RCEP, the import of integrated circuits and processors from South Korea and a large number of auto parts from Japan will enjoy tariff relief, which is good for emerging strategic industries such as construction machinery, automobile and electronic information in Hunan; Resource products such as iron ore imported from Australia, coal and rubber imported from ASEAN countries and Shenzhen Agricultural Products Group Co.Ltd(000061) will enjoy tariff relief, which will be beneficial to Hunan’s traditional advantageous industries such as chemical industry, nonferrous metals and food processing. In addition, Hunan’s export of construction machinery, rail transit equipment, consumer electronics, construction steel, bags, shoes, ceramics, lighters and fireworks to RCEP member countries will also receive tariff relief to help the export of the above industries earn foreign exchange. As a major consumer Province, Hunan will also open the door to welcome ASEAN fruits, New Zealand beef and milk powder, Australian lobster and other seafood, which is expected to promote the high-quality development of cross-border e-commerce industry and help inland consumption upgrade to a higher level.
Professor, Department of international trade, Hunan University Xiao Hao, doctoral supervisor, told reporters: “Hunan Province has a good foundation for economic and trade exchanges with RCEP member countries. For Hunan Province, the signing and implementation of RCEP is not only a development opportunity for comparative advantage industries, but also a survival challenge for comparative disadvantage industries. It is also the starting point for Hunan to achieve high-level integration and opening up through overseas. However, on the whole, a competition pattern of” hundreds of boats competing for flow and hundreds of flowers competing for beauty “will be formed After our visit to Mopai, from the micro level, the vast majority of foreign trade export enterprises, especially the relevant listed companies in Hunan, can skillfully master and apply the relevant provisions of RCEP, and also plan a clear path for future development based on their own characteristic products and target markets. From the meso level, Hunan Province has done relevant research and analysis one year in advance, formed a special policy system, and strengthened its support in Foreign Trade Industrial Park, transnational trade chain, logistics channel, e-commerce platform, foreign-related legal services, etc. To sum up, we have full confidence in Hunan enterprises to make good use of RCEP agreement, actively participate in international division of labor and boost the construction of inland open highlands. ”
(Securities Daily)
