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 - . 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: 丁香啪啪天堂激情婷婷 | 成人在线观看免费爱爱 | 欧美成人三级一区二区在线观看 | 成年超爽大片免费视频播放 | 一级片黄色免费 | 国产精品入口麻豆 | 亚色综合 | 亚洲精品入口一区二区在线观看 | 亚洲欧洲日本精品 | 99热er | 国产精品亚洲第一区在线28石 | 黄色小视频网 | 国产精品久久久久免费视频 | 激情在线播放免费视频高清 | 亚洲婷婷国产精品电影人久久 | 免费成人黄色网址 | 色综合天天娱乐综合网 | 美女喷液 | aaa成人| 欧美三级一区 | 国产精品天天看天天爽 | 国产精品亚洲欧美一区麻豆 | 中文字幕日韩在线一区国内 | 黄色一级大片视频 | 激情五月色综合婷婷大片 | 免费在线观看色 | 免费中文字幕 | 俄罗斯小younv | 欧美一级高清片免费一级 | 在线观看一区 | 日日草夜夜操 | 精品国产成人三级在线观看 | 91亚洲视频在线观看 | 一区二区三区四 | 亚洲精品网站在线观看不卡无广告 | 激情久久免费视频 | 99久久免费中文字幕精品 | 黄色三级视频在线播放 | 日韩a在线播放 | 成年人黄视频 | 亚洲日韩色综合视频 |