On April 1, Japan lowered its import tariffs for the second time under the Regional Comprehensive Economic Partnership Agreement (RCEP), and began to apply the tax rates under the second year of the RCEP Japan Tariff Commitment Table.
According to Japan's commitment in RCEP, Japan will implement the first tariff reduction on the date of entry into force of the agreement (January 1, 2022), and then conduct the next tariff adjustment on April 1 of that year.
As RCEP parties reduce tariffs year by year, the potential of RCEP will continue to be stimulated and released, and enterprises and people in various countries in the region will receive more benefits and benefits.