In the early morning of June 2, Haicang Customs urgently issued Xiamen's first RCEP certificate of origin for export to the Philippines for Mingda Industrial (Xiamen) Co., Ltd. From June 2, 2023, RCEP will take effect for the Philippines, which marks that all 15 RCEP member states have completed the entry into force procedures and implemented tariff concessions with each other. The agreement has entered a new stage of full implementation and entry into force.
"Our batch of water sports lounge chairs arrived in Hong Kong just in time for the RCEP's preferential policy for the Philippines to take effect today. With this certificate of origin, we can enjoy a 1% tariff reduction." Mingda Industrial (Xiamen) Co., Ltd. is in charge of customs affairs Xiao Zhang said excitedly.
It is reported that the Philippines is an important trading partner and export market for Xiamen. The full implementation of RCEP will enable foreign trade companies to gain broader development space. The zero-tariff treatment for plastic products, textiles and clothing will be gradually reduced from the existing 3%-30% to zero.
The data shows that since January 1, 2022, Xiamen Customs has issued 16,951 RCEP certificates of origin for enterprises in Xiamen, and it is estimated that the importing country can enjoy tariff reductions of more than 70 million yuan. In order to help enterprises make good use of RCEP preferential policies, Xiamen Customs actively carried out point-to-point policy publicity and interpretation of product tax reduction arrangements; strengthened the application of smart customs construction results, and provided certificate delivery, business guides, and tariff reduction inquiries through WeChat mini-programs. " "Do it on the palm" and "do it at your fingertips", continuously optimize the visa process and facilitate business processing.
In the next step, Xiamen Customs will guide enterprises to make full use of RCEP's preferential policies to optimize the industrial chain supply chain, promote the release of RCEP policy dividends, enhance product competitiveness, and promote bilateral trade and investment to a new level.
