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How do Chinese textile enterprises seize the new opportunities in RCEP?

Categories:Industry News
Author:David Deng
Origin:Suze Textile & Clothing Co., Ltd.
Time of issue:2021-05-20 15:05
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(Summary description)

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How do Chinese textile enterprises seize the new opportunities in RCEP?

(Summary description)

Categories:Industry News
Author:David Deng
Origin:Suze Textile & Clothing Co., Ltd.
Time of issue:2021-05-20 15:05
Views:

Information

The cumulative rules of the Regional Comprehensive Economic Partnership (rcep) with 15 Parties will further reduce the threshold for tariff reduction and expand product exports than bilateral free trade agreements. As for the contents of the rcep rules of origin different from the previous free trade agreements, such as regional accumulation rules and the approved exporter system, what benefits these arrangements can bring to enterprises and what enterprises need to pay attention to in the implementation process, many export enterprises are not clear but pay special attention to

A previous questionnaire survey conducted by Shenzhen Customs on textile and garment enterprises shows that all enterprises are eager to understand the tax reduction process, 85% of enterprises want to understand the rules of origin, and 60% hope to understand the customs clearance facilitation measures. "In April 2019, after Japan cancelled the treatment of the GSP system, the number of orders from Japanese customers was significantly affected. Now what we want to know most is Japan's list of tax cuts under rcep."Liu, manager of Huizhou Nanfang Textile Factory Co. , said the company's Japanese market fell from more than 20% to 15% in 2020.
In addition to the regional accumulation rules, the approved exporter system is also an important part of the rcep rules of origin. According to the relevant person in charge of the Shenzhen Customs Customs Office, most free trade agreements currently need to use the certificate of origin issued by visa agencies to enjoy the tariff reduction. After implementation of rcep, customs approved exporters will be able to issue a statement of origin as proof of tariff reduction

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Next: Total national textile profits rose 40.4% in the first quarter