On August 25, 2022, Hengshui Jinghua Chemical Co., Ltd. successfully passed the audit of Shijiazhuang Customs and became the first "approved exporter" under the "Regional Comprehensive Economic Partnership Agreement" (RCEP) in Hebei Province.
The approved exporter can independently issue a declaration of origin, which is equivalent to the certificate of origin issued by the customs. The certificate of origin is an important certificate for enterprises in RCEP member countries to enjoy preferential treatment such as tariff reduction and exemption, and is regarded by enterprises as "paper gold" to reduce the cost of import and export trade.
"The preparation time of enterprise documents will be greatly shortened, and production and operation activities can be flexibly organized, which will greatly enhance the competitiveness of products in the markets of RCEP countries." The person in charge of the company said.
From January 1 this year, RCEP will come into effect for 10 countries including Brunei, Cambodia, Laos, Singapore, Thailand, Vietnam, China, Japan, Australia and New Zealand, for South Korea on February 1, and for Malaysia on March 18. It will come into force and will take effect for Myanmar on May 1. According to the RCEP rules, the member states will basically realize zero tariffs on 90% of the products in about 10 years. On the effective day, tariffs on a large number of products were immediately reduced to zero.
From November 28th to December 2nd, we will see the opening of 2022 China Hengshui Export Commodities Digital Trade Fair-RCEP Nations Session, hosted by Hengshui Municipal Bureau of Commerce and undertaken by Hebei Aid Exhibitions Co., Ltd. Main export products, highlighting the achievement of county economy will be displayed online platform. In the context of the global epidemic, in order to stabilize foreign trade and promote orders, Hengshui Municipal Bureau of Commerce will hold online exhibitions and mobilize the resources of exhibition and business associations, to find buyers for foreign trade companies, and help the development of Hengshui's foreign trade.
It is reported that Hengshui City's foreign trade development has achieved remarkable results in the past ten years. Hengshui City adheres to the combination of "bringing in" and "going out", further expanding the depth and breadth of opening up, and increasing the vitality of the open economy. In 2021, the total import and export volume of foreign trade was 23.97 billion yuan, with an average annual growth rate of 1.8%. Among them, the total export value was 21.71 billion yuan, with an average annual growth rate of 2.7%.
It is reported that the 15 member states of RCEP have a total population of nearly 2.3 billion, a GDP of more than 26 trillion US dollars, and a total export volume of more than 5.5 trillion US dollars, accounting for about 30% of the global total. It is the largest free trade zone in the world.
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