On June 14, the Taiwan Affairs Office of the State Council held a regular press conference. Spokesperson Zhu Fenglian answered reporters' questions on recent cross-strait hot issues. A reporter asked, on June 2, the "Regional Comprehensive Economic Partnership Agreement" (RCEP) officially came into effect for the Philippines. So far, RCEP has fully entered into force for the 15 signatories. Since RCEP came into effect for China on January 1, 2022, Taiwan-funded enterprises in the mainland have shared the benefits of RCEP members, bringing real dividends to enterprises. Please introduce the relevant situation.
Zhu Fenglian pointed out that the regional comprehensive economic partnership agreement (RCEP) accounted for about 30% of the world's total population, total GDP, and trade in goods. The largest and most potential free trade zone has entered a new stage of full implementation.
Zhu Fenglian said that RCEP has brought real dividends and benefits to the vast number of enterprises in the mainland. In 2022, mainland enterprises, including Taiwan-funded enterprises, will enjoy export value of 235.3 billion yuan under RCEP and enjoy tariff reductions of 1.58 billion yuan. Taiwan-funded enterprises in the mainland fully enjoy the preferential tariffs and rules of origin of RCEP members, opening up a broader market. For example, on January 1, 2022, the day when RCEP was officially implemented, Guangxi Nanning Fugui Precision Industry Co., Ltd. applied to Nanning Customs for export qualifications. After review, it became the first approved exporter in mainland China to enjoy corresponding tariff reductions after the implementation of RCEP. discount. We will, as always, vigorously support Taiwanese businessmen and enterprises to achieve stable and sound development in the mainland. We welcome more Taiwanese businessmen and enterprises to invest and start businesses in the mainland, and welcome more Taiwan compatriots to come to the mainland to pursue their dreams and realize their dreams.