Shenzhen Government Online
First batch of imported goods under RCEP arrives in city
From: Shenzhen Daily
Updated: 2022-01-04 09:01


A truck carrying 5.6 tons of Japan-made reflective films arrives at Huanggang Checkpoint in Futian District on Saturday. They were the first batch of imported goods under the RCEP. SD-Agencies

Around 5.6 tons of imported reflective films from Japan arrived at Huanggang Checkpoint in Futian District early Saturday morning, becoming the first batch of imported goods to China under the Regional Comprehensive Economic Partnership (RCEP). The world’s largest free trade deal came into force Saturday.

The implementation of the RCEP has helped lower customs duty costs by about 6,000 yuan (US$940) for the films worth 1.33 million yuan, according to Chen Guogang, customs affairs director with Shenzhen Jiuli Supply Chain Shareholding Co. Ltd., a supply chain service provider.

In the first year after implementing the RCEP, the tariff for Japan-made imported reflective films will be reduced from 6.5 to 6.1 percent, saving 500,000 yuan in duties for the whole year for his company, Chen said.

These films will be used in the production of mobile phones, digital cameras and other electronic products. Some of the products made with reflective films will be exported to RCEP member countries, which will also enjoy tariff reductions under the agreement.

Also on Saturday, Shenzhen Customs issued RCEP certificates of origin to a batch of Shenzhen companies exporting plastic products to Australia.

“We are excited because our products’ export tariff has been cut from the previous 5 percent to zero,” said Zheng Zhenhui from Shenzhen Fuweide Industrial Co. Ltd. The company was granted the first certificate of origin under RCEP signed by Shenzhen Customs.

Wu Yuehua, a manager from Shenzhen C-Cargo Smart Logistics Co. Ltd., believed the implementation of the RCEP will help the company expand businesses overseas.