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Japan cuts import tariffs under RCEP for the second time

 Last Update: 2023-03-03
 Source: Internet
 Author: User

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On April 1, Japan lowered its import tariff for the second time under the Regional Comprehensive Economic Partnership (RCEP), and began to apply the tariff rate under the second year of the RCEP Japan Tariff Commitment Table
.

According to Japan's commitment in RCEP, Japan will implement the first tariff reduction on the date of entry into force of the agreement (January 1, 2022), and the next tariff adjustment will be carried out on April 1 of that year
.

As RCEP parties reduce tariffs year by year, the potential of RCEP will continue to be stimulated and released, and enterprises and people in the region will receive more benefits and benefits
.

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