The textile and apparel industry will benefit in the long term

On April 15, my country officially deposited the approval letter of the Regional Comprehensive Economic Partnership Agreement (RCEP) with ASEAN, marking China’s formal completion of the RCEP approval process and becoming the first non-ASEAN country to formally complete the approval process. Member States approving the process. Liu Yaozhong, deputy director of the International Trade Office of the ChinaTextile Industry Federation, said in an exclusive interview with a reporter from the Economic Daily that for my country’s textile and garment industry, RCEP will expand the scale of foreign trade and deepen the Cooperation in industrial chains and supply chains has produced far-reaching positive impacts.

As the world’s largest textile and apparel market, China plays an important role in the global textile industry chain. At present, my country’s textile industry accounts for more than 50% of the world’s scale, 70% of the world’s chemical fiber output, and one-third of the world’s trade. From the perspective of industrial integrity, my country’s industrial chain is the most complete and the product variety is the most complete; from the perspective of manufacturing level It seems that China’s fiber raw materials, spinning and weaving, clothing and home textiles’ manufacturing and equipment levels are mostly at the internationally advanced level.

“The biggest change brought about by RCEP is that my country and Japan have established a new trading partnership. The scale of Sino-Japanese textile industry trade is expected to continue to expand in the future.” Liu Yaozhong judged.

Currently, Japan is the fourth largest export market for my country’s textile and apparel industry. According to customs data, my country’s textile and apparel exports to Japan in 2019 were US$20.88 billion, accounting for approximately 7.4% of the industry’s total exports for the year. According to relevant Japanese statistics, my country’s proportion of Japan’s total textile and clothing imports in 2020 was 58.6%. After RCEP takes effect, except for a small number of products such as masks and bedding, the tax rates for my country’s main textile exports to Japan such as sweaters, pants, suits, T-shirts and other products will not be reduced. Tariffs will be eliminated within 16 years.

Liu Yaozhong analyzed that since Japan has signed free trade agreements with ASEAN, Vietnam, Thailand, Indonesia, India and other countries, textile and clothing products exported to Japan from the above countries can enjoy tax-free treatment. After RCEP takes effect, it will help our country’s industries gradually and fairly participate in international competition in the Japanese market, reduce the export costs of foreign trade companies, and enhance the international competitiveness of products. At the same time, the original import tax rate of 5% to 8% for my country’s main categories of products imported from Japan will be reduced to zero in stages from 11 to 21 years, which will help accelerate the transformation of the industry Upgradeto improve production efficiency.

“From the perspective of regional production cooperation, it is expected to establish a more stable two-way investment environment. As investment increases, production capacity increases, and cooperation becomes closer, the status of the regional manufacturing center will also be consolidated.” Liu Yaozhong believes that, The signing of RCEP will help deepen cooperation in the regional textile and apparel industry chain and supply chain.

He said that market access rules for goods, services, investment and other fields among member countries will be further relaxed, and customs procedures and technical standards will be gradually unified. By adopting regional rules of origin, it will promote the free flow of economic factors in the region, strengthen the division of production and cooperation among members, stimulate the expansion and upgrading of the regional consumer market, and promote the further development of the regional industrial chain, supply chain and value chain. .

For foreign trade companies in my country’s textile and garment industry, RCEP will help export more products and better enjoy preferential tax measures; on the other hand, it will also help avoid certain trade barriers.

It is understood that after RCEP comes into effect, if an enterprise becomes an approved manufacturer through customs certification, it can clear customs and enjoy preferential treatment from the contracting country only with the enterprise’s independent declaration of origin when exporting, saving the entry, review, and application of the certificate of origin. and other links to further reduce customs clearance timeliness and costs.

Ms. Cao, the customs director of Shenzhen Wenwen Medical Supplies Co., Ltd., was very happy when she learned about this regulation at the RCEP policy special training meeting organized by Shenzhen Customs. She said: “Our company issues more than 30 non-woven fabrics certificates of origin to Southeast Asia every week. Since the customs launched self-service printing, smart approval and other service measures, the origin It is no longer necessary to go to the customs site to apply for a certificate. Unexpectedly, RCEP can also rely on the company’s independent declaration for customs clearance, which will be more convenient in the future.”

AAA

Disclaimer:

Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights and interests, please contact us and we will change or delete it as soon as possible.