Logistics industry takes off in opportunities

On January 1, 2022, Tianhe Customs, a subsidiary of Guangzhou Customs, issued an RCEP certificate of origin for export to Japan after application by the enterprise. The goods involved in this certificate are coffee machines and glass kettles exported to Japan, with a value of 113,000 US dollars, this is the first RCEP certificate of origin issued by Guangzhou Customs.

On November 2, 2021, the ASEAN Secretariat, the custodian of the Regional Comprehensive Economic Partnership (RCEP) announced: Brunei, Cambodia, Laos, Singapore, Thailand, Vietnam and other 6 ASEAN member states and China, Japan, New Zealand, Australia 4 non-ASEAN member states have formally submitted the approval letter to the Secretary-General of ASEAN, the threshold for the agreement to enter into force has been reached. According to the agreement, RCEP will enter into force for the ten countries mentioned above on January 1, 2022.

Before the signing of the RCEP, China had signed China-ASEAN, China-New Zealand, China-South Korea and China-Australia free trade agreements with RCEP member countries other than Japan. With the signing of RCEP, China and Japan have also established a free trade relationship. This is the first free trade agreement between China and the world’s top ten economies. It is also the first time that China and Japan have reached a tariff reduction arrangement, which is to the welcome and attention of the majority of import and export enterprises In the first year of the implementation of the tax reduction, 24.9% of China's imports from Japan will achieve zero tariffs, and for Japan's imports from China, 55.5% of the tariffs will be reduced to zero.

Source:
Official Account: Guangzhou Customs 12360 "Signed, Guangdong's first batch of RCEP certificate of origin"

This is the spring that the international trade industry is looking forward to. With the entry into force of RCEP, more and more import and export enterprises will usher in an economic take-off. Under the situation of the pandemic depression, the preferential policies will undoubtedly give the foreign trade industry a reassurance.

When it comes to foreign trade, we have to talk about international logistics. Whether it is sea, air or rail, cross-border transportation also brings closer links between countries and more frequent economic exchanges. As one of the outstanding logistics companies in Shenzhen, Sunny Worldwide Logistics has been helping foreign trade companies to "go global" and constantly improve our service skills and create benefits for customers. We believe that with the spring breeze of tariff policies and logistics convenience, the global economy will also get better and better.