Yi Huanzhi: After RCEP takes effect, Sichuan’s textile industry will become one of the biggest beneficiary industries
On January 6, under the guidance of the China Council for the Promotion of International Trade and the Chengdu Municipal People’s Government, and co-sponsored by the China Council for the Promotion of International Trade (China Chamber of International Commerce) Training Center and the Chengdu Council for the Promotion of International Trade (Chengdu Expo Bureau), the event was held to “promote regional prosperity and development, The 2022 Chengdu RCEP Regional Economic and Trade Cooperation Roundtable with the theme of “Expanding Space for Win-Win Cooperation” was successfully held in Chengdu.
What dividends will RCEP bring to Sichuan? At the meeting, Yi Huanzhi, director of the Customs Department of Chengdu Customs, said in his speech that RCEP will bring major opportunities to Sichuan. Chengdu Customs will actively implement the plan in accordance with the unified deployment of the General Administration of Customs. Make preparations for the implementation of RCEP. She said that the original member countries of RCEP have long been important trading partners of Sichuan, with the trade proportion remaining at around 30%. In particular, ASEAN has become Sichuan’s top three trading partners for three consecutive years. In the first November of 2021, Sichuan’s trade with RCEP countries ImportExport was 265.25 billion yuan, an increase of 12.2%, accounting for 31.1%. After the agreement is implemented, more than 90% of goods will have zero tariffs, bringing new development opportunities to enterprises.
“The effective implementation of RCEP will have a profound impact on Sichuan’s automobile, protective clothing, agriculture and other industries.” Yi Huanzhi said, “The automobile industry is one of the pillar industries of Sichuan industry. After RCEP takes effect, many industries from Japan and South Korea will The realization of zero tariffs on auto parts exported to China will further enhance Sichuan’s international competitiveness.”
“At the same time, Sichuan’s textile field has economic and trade relations with ASEAN, and the textile industry will become one of the biggest beneficiary industries. Japan and South Korea are Sichuan’s main export markets for vegetables and fruits, and will further strengthen agricultural exchanges and cooperation.” Yi Huanzhi said .
Yi Huanzhi further said: “It is worth noting that every trade agreement has a tariff reduction list and rules of origin. Taking goods of Korean origin as an example, after RCEP takes effect, the China-South Korea trade agreement and the Asia-Pacific Enterprises in the three trade agreements need to conduct comparative analysis based on their own product situations and choose the free trade agreement that best suits them.”
At the same time, she said that companies should also pay attention to the technical issues of tariffs related to classification of origin, so as to better enjoy the policy dividends of RCEP tariff reduction measures and rapid customs clearance.
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