A woman applies for RCEP certificates of origin at a government window. [Photo/Yiwu Media Center]

Yiwu, a county-level city in Jinhua, East China's Zhejiang province, has issued a total of 5,076 Regional Comprehensive Economic Partnership certificates of origin for exports worth $97.13 million to RCEP member states in the first 11 months of this year.

These RCEP certificates of origin have reduced import tariffs on exported goods by over $6.77 million, according to official data.

One beneficiary of the certificates is Yiwu Xinyi Foreign Trade Co. A director of the company said that with the RCEP certificates, the tax rate of plastic pencil cases they export to Japan has been reduced from 4.8 percent to 3.9 percent, improving the competitiveness of their products.

Since the official implementation of the RCEP, Yiwu has provided precise guidance on the application of RCEP policies to enterprises in its jurisdiction through offline and online channels. So far, more than 35 such events have been carried out online, benefiting more than 3,000 local enterprises. So far, 88 percent of the RCEP certificates of origin in Yiwu have been issued by self-service printing.

The RCEP involves 10 ASEAN member states, China, Japan, South Korea, Australia and New Zealand. The 15 states account for about 30 percent of the world's total population, gross domestic product and trade.

More than 90 percent of goods traded between member countries will eventually be subjected to no tariffs, according to the agreement.

Source from:http://yiwuzhejiang.chinadaily.com.cn/2022-12/29/c_844378.htm