"Source: Economic Information Daily"
On January 1, the first day of entry into force of the Regional Comprehensive Economic Partnership Agreement (RCEP). In the early morning, Shanghai Zhenhua Heavy Industry (Group) Co., Ltd. (hereinafter referred to as "Zhenhua Heavy Industry"), as the first (customs) approved exporter enterprise in the Shanghai Customs District, issued a number of bridges for its upcoming export to ASEAN, and independently issued a declaration of origin under the first ticket RCE in the Shanghai Customs District on the enterprise side, realizing RCE. The "first order" in Shanghai that P landed into effect.
When the RCEP Agreement enters into force, it will become the world's largest and most influential free trade agreement. More than 90% of the trade in goods in the region will immediately or gradually achieve zero tariffs, which will enhance the connectivity of the two international and domestic markets and resources, promote the transformation and upgrading of China's industry and high-quality economic development, effectively integrate into the global industrial chain, supply chain and value chain, promote the domestic and international cycle, and promote the acceleration of construction. The new development pattern is of great significance.
In order to ensure the effective implementation of the RCEP Agreement, the General Administration of Customs has issued the Measures for the Administration of Origin of Imported and Exported Goods under the Customs of the People's Republic of China Regional Comprehensive Economic Partnership Agreement and the Measures for the Administration of Approved Exporters of the Customs of the People's Republic of China (hereinafter referred to as the Administrative Measures for Approved Exporters) , clearly stipulate the rules of origin, certificate of origin, customs clearance procedures for imported goods, visa procedures for export goods, etc. Among them, the Measures for the Administration of Approved Exporters is a convenient certificate of origin application policy for enterprises recognized by the customs according to law and meet relevant qualifications. Approved exporters can independently issue a declaration of origin for goods exported or produced with the qualification of origin under the agreement without applying to the customs, which provides a more convenient channel for enterprises to enjoy the dividends of RCEP policy.
Zhenhua Heavy Industry is the first enterprise in Shangguan District to enjoy the RCEP agreement and the dual favorable policy of approved exporters. As the world's leading enterprise in marine engineering equipment manufacturing and also an advanced certification enterprise under the jurisdiction of Pudong Customs, Zhenhua Heavy Industry's port machinery, marine equipment and other products are exported to 104 countries and regions around the world.
In order to ensure the accuracy of relevant work, Pudong Customs launched the qualification training of approved exporters of Zhenhua Heavy Industry in November 2021, and successively organized working groups to go to the enterprise site to guide enterprises to fully master the rules of origin under preferential trade agreements such as RCEP, and establish a complete origin qualification document management. The system "helps the enterprise on the horse". Before the agreement came into effect, the customs simulated the independent certificate issuing process for specific export goods many times to ensure that the certificate is issued correctly and "send another journey" for enterprises to enjoy benefits.
Also on January 1, Shanghai Jingfa Industrial Co., Ltd. also got the long-awaited certificate of origin of RCEP preferential. The company is a non-woven non-woven enterprise, and its main exporters are Japan, Thailand, South Korea and Vietnam. Chen Zhifan, assistant to the chairman of the company, said that the company exports non-woven fabrics to Japan every year to produce masks and other products, with a large trade volume and high tariffs. For example, the import tax rate for this non-woven fabric to Japan used to be 4.3%, but now Japan has acceded to the RCEP agreement. With this certificate of origin, the import tax rate has been directly reduced to 0 tariffs. This batch of non-woven fabrics is expected to enjoy a tariff discount of more than $1,700.
The RCEP agreement is also "hot" by importers. SAIC Volkswagen plans to import a batch of gearbox controllers from Japan after New Year's Day 2022, and can apply for the RCEP agreement tax rate, which is 0.4 percentage points lower than the previous most-favoured-nation tax rate of 7%, so enterprises pay a 13,000 less tariff. It is reported that with the formal implementation of the agreement, the agreed tax rate for goods, including gearbox controllers, some auto parts, etc., will decline year by year, which will save more taxes on enterprises in the future.
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