三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Policies

Coastal province to ride wave of expansive trade agreement

By ZHAO RUIXUE in Jinan and XIE CHUANJIAO in Qingdao, Shandong | China Daily | Updated: 2022-01-20 10:11
Share
Share - WeChat
A visitor tries on traditional South Korean garb and makeup at an import expo in Weihai, Shandong, in September. [Photo/Xinhua]

RCEP helps Shandong forge stronger links with booming East Asian economies

Coastal Shandong province is poised to play a larger role in economic integration with Japan and South Korea by utilizing opportunities offered by the Regional Comprehensive Economic Partnership agreement, which now encompasses China and the two big East Asian economies in the same free trade framework for the first time.

Both importers and exporters in the province are benefitting from preferential RCEP rules that came into force on Jan 1.

Yantai Tayho Advanced Materials Co Ltd, located in Yantai, on the province's coast, submitted an RCEP certificate of origin issued by the Japan Chamber of Commerce and Industry to Yantai Customs officials on Jan 7. It was used to apply for tariff concessions for shipment of a chemical used in textile spinning from Japan, said Li Xiaohui, the company's business manager.

The certificate is expected to save around 10,000 yuan ($1,577) in tariffs on the shipment now that the corresponding tariff has been lowered from 10 percent to 9.1 percent under the RCEP agreement, Li said.

"This year, RCEP certificates will save 400,000 yuan on tariffs for our company," he said.

The RCEP agreement was signed on Nov 15, 2020 by 15 Asia-Pacific countries-the 10 member states of the Association of Southeast Asian Nations and China, Japan, South Korea, Australia and New Zealand-after eight years of negotiations.

RCEP markets are regarded as the world's largest economic bloc, covering about a third of the global economy. The agreement is expected to eventually eliminate tariffs on more than 90 percent of the goods traded among the member countries.

Within RCEP, the three East Asian economies together represent 82 percent of the bloc's economic weight in 2020.

"With the RCEP agreement taking effect, free trade rules are applied to China and Japan for the first time, providing good opportunities to businesses in Shandong, a province geographically close to Japan," said Li Guangjie, director of the Institute of World Economics and Politics at the Shandong Academy of Social Sciences.

The RCEP pact represents the first free trade agreement between China and Japan. The trade pact has brought 25 percent of Japanese exports and 57 percent of Chinese ones to the zero-tariff list, and the figures will be expanded ultimately to 86 percent and 88 percent, respectively.

Based on 2020 trade data, the RCEP agreement is expected to reduce tariffs on goods heading to Japan from Shandong by 380 million yuan this year. When the tariff reduction process is completed, tariffs on imports from Japan to the province will be cut by 900 million yuan annually.

"Shandong's foreign trade businesses are very excited about the preferential rules to expand trade with RCEP members," said Yao Yong, a senior director at the Customs office in Qingdao.

1 2 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1995 - 2025. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
主站蜘蛛池模板: 国产亚洲精品久久久久久久 | 快使劲弄我视频在线播放 | 永久免费观看午夜视频在线 | 久久精品国产亚洲麻豆 | 精品樱空桃一区二区三区 | 黄色大片a级| 天天影视色香欲综合网老头 | 女毛片| 国内精品久久国产 | 亚州毛片 | 最新在线精品国自拍视频 | 久久精品国产福利 | 日本a黄色片 | 中国一级黄色 | 日本成熟bbxxxxxxxx | 亚洲 欧美 日韩 在线 香蕉 | 国产热视频| 久久草在线免费 | 国产国产成人久久精品杨幂 | 日本国产免费一区不卡在线 | 亚洲精品一级片 | 黑人巨大在线 | 国产在线19禁免费观看国产 | 国产成人精选免费视频 | 一本久道热中字伊人 | 亚洲高清国产一区二区三区 | 国产制服 国产制服一区二区 | 亚洲精品欧美综合 | 欧美在线观看一区二区三 | 国产三级播放 | 黄色一级片美国 | 在线观看免费黄色网址 | 亚洲视频网站在线观看 | 黄色一级网址 | 伊人日本| 黄色国产免费观看 | 精品国产_亚洲人成在线高清 | a级情欲视频免费观看 | 日韩大尺度无遮挡理论片 | 韩国19禁主播裸免费福利 | 手机看片高清日韩精品 |