Jilin issues first RCEP certificate of origin
The first RCEP certificate of origin issued in Jilin province, Jan 1 [Photo/Jilin news network]
Changchun customs issued a certificate of origin for export to member countries of the Regional Comprehensive Economic Partnership (RCEP) on Jan 1, the first RCEP certificate of origin issued in Northeast China's Jilin province.
The RCEP certificate of origin was issued for the plastic fence panels exported to Japan by Jilin Huabang New Material Technology Co, worth a total of $33,500.
On Jan 1, the RCEP certificate of origin took effect for the six ASEAN member countries of Brunei, Cambodia, Laos, Singapore, Thailand, and Vietnam, as well as the four non-ASEAN member countries of China, Japan, New Zealand, and Australia.
The member parties will implement tax reductions in accordance with the provisions of the agreement, and more than 90 percent of the goods trade in the regions will eventually enjoy zero tariffs.
China will eventually reduce tariffs on 86 percent of Japanese products to zero, and Japan will eventually reduce tariffs on 88 percent of Chinese products to zero.