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RCEP is coming, enterprises need to understand the rules and make good use of opportunities to meet the challenges

 Last Update: 2022-03-08
 Source: Internet
 Author: User

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effects trump tariffs

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On January 1, the Regional Comprehensive Economic Partnership (RCEP) came into effect

Importers busy counting tax savings

RCEP was initiated by the ten ASEAN countries, and China, Japan, South Korea, Australia, New Zealand and other countries participated

Zhang Zheng introduced that SAIC Volkswagen imports gearbox controllers, vehicle parts and molds from Japan every year, among which the tariff on gearbox controllers will be reduced from 7% to 6.

Exporters consider expanding into new markets

Importers in Shanghai are busy calculating tax savings, while exporters are considering expanding into new markets

However, the "big basket" of RCEP is not all good.

Domestic enterprises need to think further

The implementation of RCEP will take time to manifest its deeper effects, and domestic enterprises must also think further and plan countermeasures as soon as possible

Chu Huihong analyzed that originally, most of the chemical products exported by the company's Chinese factories to ASEAN enjoyed zero tariffs, but a small number of them were found to be inconsistent with ASEAN's rules of origin and did not enjoy preferential tariffs

How much joy and how many challenges

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