Good News For RECP Applied in Zhejiang

2025 is the fourth year of the Regional Comprehensive Economic Partnership (RCEP). At the beginning of the new year, RCEP member countries have started a new round of tariff reduction according to the agreement commitments, and the tariff rates of textiles and garments, chemicals, agricultural products, plastic products, auto parts and other products will be further reduced, bringing more benefits and market opportunities to relevant enterprises in Zhejiang. In January, Hangzhou Customs issued 8,494 RCEP certificates of origin, with a value of 2.217 billion yuan, an increase of 15.2% and 16.3% year-on-year respectively, helping enterprises to enjoy tariff reductions of more than 22 million yuan from importing countries. Under the RCEP framework, more and more "specialized, special and new" enterprises are taking advantage of the tax reduction brought by the agreement to tap new trade growth points. In order to ensure that enterprises can fully enjoy the policy dividends of free trade agreements such as RCEP, Hangzhou Customs has continuously optimized the visa of origin service, and passed on the favorable policies to enterprises in a timely manner through various channels such as continuous policy publicity, on-site Q&A and media publicity. Guide enterprises to make good use of the service functions of the "China Customs Preferential Origin Service Platform" such as inquiry of agreed tax rates and rules of origin, inquiry of policies and regulations of origin, reminder and evaluation of benefits, etc., to help enterprises improve their ability to "enjoy benefits"; Deepen the promotion of the "e-printing" mode of the certificate of origin, superimpose measures such as online declaration and intelligent review to improve the level of visa facilitation, and help foreign trade enterprises in the jurisdiction to achieve a "good start".