On January 1, RCEP ("Regional Comprehensive Economic Partnership Agreement"), the world's largest free trade agreement, came into effect. On January 1, the Government Service Center of Yantai District of Shandong Pilot Free Trade Zone issued preferential certificates of origin under RCEP for five enterprises exporting to Japan, including Yantai Jinhe Hydrocarbon Powder Factory and Yantai Wantai import and Export Co., Ltd. The value is US$509,961, and it is expected to reduce tariffs for enterprises by US$2,532.
The first countries to take effect of RCEP include 6 ASEAN countries and 4 non-ASEAN countries including China, Japan, New Zealand and Australia. In accordance with RCEP and related regulations, enterprises can apply for the issuance of certificates of origin and back-to-back certificates of origin under RCEP through the online visa system. Thanks to the extensive "friend circle" and rules of origin accumulation in RCEP, import and export enterprises can combine According to the characteristics of products and businesses, make full use of rules and regulations such as accumulation of origin and approved exporters, and reasonably enjoy preferential tariff reductions. (Reporter from Chunlong correspondent Wang Cong Wang Yan Zhao Zhen)