On January 1 this year, RCEP officially took effect, our county leaders attach great importance to, requiring all departments to improve the position, serious research, initiative, adhere to pragmatic promotion, help our county to accelerate high-quality economic development.
- Economic and trade cooperation between our county and RCEP countries
- RCEP country is an important import and export market in our county. Since 2010, the proportion of Zhejiang’s exports and imports to RCEP regions have increased by 1.06 and 20.81 percentage points, respectively. From January to December this year, our county exports to RCEP countries reached 8.726 billion yuan, up 13.41% year on year, accounting for 19.58% of the county, is one of the main export markets of our county; imported 6.733 billion yuan, year-25%, accounting for 54.73%, much higher than the European Union (10.65%) and the United States (6.14%). The main import and export products are mechanical and electrical parts and components.
2. RCEP country is the main destination of foreign investment in our county. Up to now, this year, our county enterprises have invested 121 million US dollars in RCEP countries, accounting for 74.23% of the county’s total foreign investment, mainly in the form of mergers and acquisitions.
2. Our county early-stage work situation
- Establish a collaborative working mechanism. To meet the RCEP work requirements of provinces and cities, on December 28, the county Bureau of Commerce formulated and issued the Jiashan County Comprehensive Docking Service RCEP Action Plan for Promoting High-level Opening, and established the Jiashan County RCEP service Group composed of commerce, customs, taxation, external management, market supervision, Council for the Promotion of International Trade, and all towns (streets).
2. Carry out publicity, guidance and training. On January 14, Jiashan County Bureau of Commerce and the County Council for the Promotion of International Trade held the RCEP work layout meeting and RCEP enterprise publicity training online and offline. Customs, taxation, market supervision, external management, council for the Promotion of International Trade, leaders and liaison officers of towns (streets), business associations, representatives of key foreign trade enterprises attended the meeting. Online viewing enterprises were viewed more than 5,000 times.
3. Promote economic and trade activities with RCEP member states. Actively organize enterprises to participate in online trade fairs of RCEP member states, such as export commodities-Osaka, Japan. During the CEE Expo, more than 20 enterprises in our county were organized to connect with 75 enterprises from 8 RCEP countries such as Singapore, Vietnam, Malaysia and others to participate in the overseas online shopping exchange of Zhejiang International import goods. At the same time, we will organize enterprises to participate in multi-event investment promotion activities in RCEP member states.
3. Main results
At present, our county has many foreign trade enterprises to seize the opportunity, take the RCEP “benefit express”. For example, Jiashan Boyuan home textile Co., Ltd. is a major production of superfiber towels, car towels on the standard export enterprises, mainly exported to the United States, the United Kingdom, Germany, Japan and other countries. Affected by the outbreak of Chinese and foreign, enterprise export sales is lower than the same level, in January this year, through the county business bureau and the town government positive propaganda, enterprises understand the RCEP policy, applied for the RCEP certificate of origin, and on January 21,2022, successful RCEP the first single, it is understood that the payment for a total of 19300 yuan, exports to Japan, tax rate dropped from 6.5% to 6.1%. The person in charge of the enterprise said: the effective effect of RCEP policy is conducive to improving the competitiveness of enterprises, helping enterprises to expand the market in Southeast Asian countries, and enterprises also have the confidence to make good use of this policy to help themselves to become bigger and stronger. There is a very important “rule of origin accumulation” in the RCEP, as long as the value added part in the processing process belongs to the 15 member states, and the cumulative value added of more than 40% can enjoy the corresponding tariff preference. This will effectively promote the minimization of production costs and optimize trade efficiency within the region, and help strengthen the cooperation of industrial chain and supply chain within the region. Up to now, 17 enterprises in our county have applied for 56 RCEP certificate of origin.
In the next step, the county Bureau of Commerce will implement the relevant requirements of provinces and cities according to the RCEP work plan of Jiashan County, focusing on the implementation of measures such as expanding trade in goods, promoting two-way investment, strengthening regional cooperation and deepening service trade, so as to help the majority of enterprises fully enjoy the policy dividend. At the same time, we will continue to deeply study the rules of RCEP agreement, strengthen the promotion and implementation of RCEP, help foreign trade enterprises in our county to fully understand the scope and range of RCEP tariff reduction, timely apply for RCEP certificate of origin, help import and export enterprises in our county to seize the major opportunity of RCEP effective, and enhance the international competitiveness of products.
(Submitted by Jiaxing Municipal Bureau of Commerce)