RCEP is expected to become a "new engine" for regional economic development

On April 21, Pang Guanglian, member of the Standing Committee and Deputy Secretary General of the Party Committee of China Petroleum and Chemical Industry Federation, and Secretary General of China Petroleum and Chemical Industry International Production Capacity Cooperation Enterprise Alliance, said in an interview with reporters that since January 1, the Regional Comprehensive Economic Partnership Agreement (RCEP) Since the "giant ship" officially "set sail", its "new engine" function of regional economic development has begun to emerge
.
At present, 12 countries, including Brunei, Cambodia, Vietnam, Singapore, China, Japan, Malaysia, and South Korea, have successively boarded the "ships", and the prosperity of regional economic integration is gradually unfolding, boosting confidence in regional and even global economic recovery
.

Pang Guanglian said that after the application of the RCEP rules, the dividends of tariff reductions have begun to be released
.
According to the tariff reduction arrangement of RCEP member countries, more than 90% of the trade in goods will eventually achieve zero tariffs
.
Since RCEP came into effect, although there are still a certain proportion of goods with small tax reductions, enterprises have indeed benefited from real money in tariff reductions and exemptions
.
According to customs statistics, in the first quarter, China enjoyed 6.
72 billion yuan worth of imported goods and reduced tariffs by 130 million yuan
.
Exporting enterprises applied for RCEP certificate of origin and issued 109,000 copies of declaration of origin, with a value of 37.
13 billion yuan, and enjoyed a tariff reduction of 250 million yuan from the importing country
.

Pang Guanglian mentioned that at present, all parties are taking advantage of RCEP to make trade cooperation rise against the trend
.
According to customs data, in the first quarter of this year, China's trade with RCEP member countries increased by 6.
9%, and the total import and export volume reached 2.
86 trillion yuan, accounting for 30.
4% of China's total foreign trade value
.
Among China's trading partners, ASEAN once again surpassed the EU to rank first, with import and export volume increasing by 8.
4% year-on-year to 1.
35 trillion yuan
.
South Korea and Japan are still firmly ranked fourth and fifth among China's trading partners, and China's import and export volume with South Korea and Japan increased by 12.
3% and 1.
8% year-on-year respectively
.

From the perspective of the petrochemical field, the petrochemical trade volume between China and RCEP countries from January to February this year was US$44.
23 billion, higher than the level of the same period last year
.
Among them, the import value was 28.
24 billion US dollars, and the export value was 15.
99 billion US dollars
.
Trade levels are on the rise
.

Pang Guanglian said that with the entry into force of RCEP, large-scale tax cuts and rules of origin have promoted the free flow of economic factors in the region
.
Among them, petrochemical companies continue to promote green transformation, increase the export of competitive products, and build more resilient cross-border industrial chains, supply chains and value chains with RCEP member companies
.

It is reported that in order to help enterprises to deeply study the RCEP agreement and opportunities, the China Petroleum and Chemical Industry International Capacity Cooperation Enterprise Alliance has carried out a series of RCEP-related training work under the guidance of the National Development and Reform Commission, the Ministry of Commerce, the Ministry of Industry and Information Technology, and the Petrochemical Federation.
At the same time, targeted research was carried out to guide enterprises to use RCEP rules at a high level, make good use of the preferential policies of the agreement, actively explore the RCEP regional market, and participate in the integrated development of regional industrial chains and supply chains in a deeper level
.