In response to the concerns of enterprises, the customs strengthens training to help textile enterprises seize new opportunities in RCEP
Economic Daily-China Economic Net, Beijing, May 10th: The rules of origin of the Regional Comprehensive Economic Partnership Agreement (RCEP) have some contents that are different from previous free trade agreements, such as regional accumulation rules, economic Approval of theexporter system, etc., what benefits can these arrangements bring to enterprises, and what else do enterprises need to pay attention to during the implementation process? Not long ago, Shenzhen Customs conducted a questionnaire survey among textile and garment enterprises. The results show that all companies are eager to understand the tax reduction process, 85% of companies want to know the rules of origin, and 60% of companies want to know about customs clearance facilitation measures.
“In April 2019, after Japan canceled the Generalized System of Preferences treatment for China, the order volume of Japanese customers was significantly affected. What we want to know most now is Japan’s tax reduction list under RCEP.” Huizhou Nan Heather Weaving Factory Manager Liu of the foreign trade department of the company said that the company’s Japanese market share dropped from more than 20% to 15% in 2020.
The voice of the enterprise is the direction of work. Shenzhen Customs has carried out a series of RCEP training in a targeted manner. What makes Manager Liu happy is that after the official implementation of RCEP, Japan’s tax rate on woolen pullovers will be reduced from 10.9% to zerotariff within 15 years after the implementation of the agreement. It is expected that this The company can enjoy a tariff reduction of approximately 700,000 yuan in the first year of tax reduction. When the product is reduced to zero tariff, this number will reach 11 million yuan.
“Our company generally purchases fabrics from ASEAN countries such as Vietnam and Cambodia, and designs and processes them domestically into finished products before exporting them. Can the products enjoy tariff concessions?” Mr. Wang, the customs supervisor of Shenzhen Virginie Garment Co., Ltd. is concerned. The problem is an important part of the RCEP rules of origin – the regional accumulation rules.
“Under the China-Australia Free Trade Agreement, original materials imported from Vietnam cannot be regarded as our country’s original materials, and they cannot obtain tariffs after reprocessing and exporting to Australia. Concessions.” The Shenzhen Customs officer explained patiently, and using the RCEP regional accumulation rules, “these are no longer a problem.”
The RCEP regional accumulation rule is that when determining the origin qualification of a product, the original materials of the enterprise members used in the production process can be accumulated as the producing country’s own raw materials, making it easier for export products to meet the Conditions for tariff concessions.
“Compared with bilateral free trade agreements, the RCEP cumulative rules with 15 parties will further lower the threshold for products to obtain tariff concessions and will be more conducive to expanding product exports.” said Jiang Feng, director of the Tariff Department of the General Administration of Customs. .
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 Tariff Department, most free trade agreements currently require a certificate of origin issued by a visa agency to enjoy tariff concessions. After the implementation of RCEP, exporters approved by the customs will be able to issue a declaration of origin on their own as a voucher for enjoying tariff concessions.
“Our company exports non-woven fabrics to ASEAN and applies for more than 20 certificates every week. After the implementation of RCEP, it is possible for the company to make independent declarations without applying. I’ve received the certificate.” Ms. Cao, Customs Supervisor of Shenzhen Wenwen Medical Products Co., Ltd., expressed her expectation for this convenience.
Shenzhen companies are not the only ones who are looking forward to RCEP. Mao Liping, manager of the foreign trade department of Jiaxing Zhenzhou Garment Co., Ltd., appeared very excited after attending a special RCEP policy presentation meeting at Jiaxing Customs, a subsidiary of Hangzhou Customs. She said: “I have long been looking forward to negotiating a free trade agreement with Japan as soon as possible, and hope that RCEP will be implemented as soon as possible.”
“The customs will provide publicity, training and guidance to the vast number of import and export enterprises. Enterprises are also invited to pay attention to relevant policy releases, learn to apply rules of origin, and fully enjoy tariff concessions.” Jiang Feng said. (Guan Xuan)
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