The "Regional Comprehensive Economic Partnership Agreement" (RCEP) took full effect on the 2nd for 15 member states. At 00:00 on the effective day, Quanzhou Customs issued the first RCEP certificate of origin exported to the Philippines in Fujian Province for a batch of 1.1918 million yuan of frozen squid exported to the Philippines by Shishi Zhengyuan Aquatic Technology Development Co., Ltd.
It is reported that with this certificate, Shishi Zhengyuan Aquatic Technology Development Co., Ltd. can enjoy a 10% tariff reduction after the goods arrive in the Philippines. The entry into force of RCEP for the Philippines also marks that all 15 members of RCEP have completed the entry into force procedures and implemented mutual tariff concessions, and the agreement has entered a new stage of full implementation.
The customs officers of Quanzhou Customs Office in Shishi provide "one-on-one" policy guidance to enterprises.
Quanzhou, Fujian is a famous hometown of overseas Chinese in China, the starting city of the Maritime Silk Road, and an important city for the production and export of light industrial products in China. In recent years, the trade between Quanzhou and the Philippines has been very close, and foreign trade is highly complementary. At present, "Made in Quanzhou" clothing, shoes, plastic products, electromechanical products and other commodities are selling well in the Philippines, while Philippine plastic granules, vegetables, pulp and other commodities also better meet the needs of raw materials and people's livelihood in Quanzhou. According to statistics, the import and export value between Quanzhou and the Philippines will reach 38.87 billion yuan in 2022.
After RCEP comes into effect, the Philippines will, on the basis of the China-ASEAN Free Trade Area, add a new zero-tariff treatment for Chinese automobiles and parts, some plastic products, textiles and clothing, and gradually reduce it from the existing 3% to 30%. zero. At the same time, China will also reduce tariffs on Philippine pineapple juice, coconut juice, pepper, and some chemicals on the basis of the China-ASEAN Free Trade Agreement. In addition to bringing direct tax reduction benefits to foreign trade companies in Quanzhou, RCEP rules such as accumulation of origin can also help foreign trade companies in Quanzhou improve supply chain resilience and effectively reduce costs.
"Our company exports more than 50 million yuan to the Philippines every year. Now with the help of RCEP, we can get at least more than 5 million yuan in tariff concessions every year, which greatly enhances our confidence and determination to explore the international market!" Shishi Zhengyuan Aquatic Technology Development Li Xiaoqiang, deputy general manager of the company, said.
Wang Mingyi, Chief of the Comprehensive Business Section of the Quanzhou Customs Office in Shishi, said that the office organized and carried out targeted RCEP policy presentations, allowing import and export companies to the Philippines to learn about the favorable policy at the first time, and opened a special RCEP service window to provide " Smart review + self-service printing" and other convenient visa government services, guide you to enjoy the RCEP policy dividends.
