At the regular press conference of the China Council for the Promotion of International Trade (CCPIT), Feng Yaoxiang, spokesperson of the China Council for the Promotion of International Trade and Minister of the Trade and Investment Promotion Department, said that Japan’s RCEP certificate visa amount ranked first among mainland export destination countries for 6 consecutive months, which means that RCEP free trade After the implementation of the agreement, the driving effect on my country’s exports to Japan is remarkable and the potential is huge.
The certificate of origin, known as “paper gold”, is an important certificate for RCEP member countries to enjoy preferential treatment such as tariff reduction and exemption. Mainland enterprises apply for Japanese RCEP certificate and visa, etc. if they want to export products to Japan.
Feng Yaoxiang, spokesperson of the China Council for the Promotion of International Trade and Minister of Trade and Investment Promotion.
According to Feng Yaoxiang, since the Regional Comprehensive Economic Partnership (RCEP) came into effect on January 1 this year, the CCPIT system has continued to increase its promotion and implementation and achieved positive results. In the first half of the year, the total amount of RCEP certificate of origin visas in the CCPIT system reached US$2.732 billion, accounting for 23.44% of the amount of RCEP certificates applied for by Chinese foreign trade enterprises. 40 million US dollars in tariff reductions and exemptions for Chinese products in RCEP importing member countries.
From the point of view of the export destination countries of RCEP certificates, Japan ranked first for 6 consecutive months, and the monthly visa amount accounted for more than 90%, indicating that the implementation of the RCEP agreement has a significant driving effect on my country’s exports to Japan and has huge potential.
From the classification of exports to Japan, mainly clothing and clothing accessories (44.67%), organic chemicals (12.86%), plastics and their products (5.44%), footwear, leggings and similar products and Its parts (accounting for 4.16%) objectively reflect the industrial complementarity between China and Japan, and it also shows that RCEP can effectively boost related industries and enterprises to expand their exports to Japan.
Feng Yaoxiang said that the implementation of RCEP for half a year has brought tangible benefits to regional economic and trade development and brought “real money” benefits to enterprises.
The implementation of the RCEP agreement has a significant boosting effect on China’s exports to Japan.
Yuan Bo, deputy director of the Asian Research Institute of the Ministry of Commerce, said that from an industrial perspective, the China-led Regional Comprehensive Economic Partnership (RCEP) has become a global manufacturing and production center, and its status is constantly improving.
“From 2005 to 2020, the proportion of the added value of manufacturing in the RCEP region in the world has increased from 30% at that time to 43% at present, that is, more than 40% of the added value of the manufacturing industry is completed in the RCEP region,” Yuan said. Bo said that from the perspective of the international supply chain, the RCEP region is becoming a global supply and procurement center. Yuan Bo said that with the full implementation of RCEP, the industrial chain and supply chain in the region will be more closely developed. While driving economic growth in the region, it will also have a huge spillover effect on the world. This is also the value of RCEP.
The Regional Comprehensive Economic Partnership (RCEP) came into effect on January 1st this year. The first batch of countries to enter into force include Brunei, Cambodia, Laos, Singapore, Thailand, Vietnam and other six ASEAN member states and China, Japan, New Zealand , Australia and other 4 non-ASEAN member states. From February 1st, the RCEP will take effect for South Korea; from March 18th, it will take effect for Malaysia.