According to the Ministry of Commerce, the Regional Comprehensive Economic Partnership (RCEP) will come into effect on January 1,2022.Many foreign trade companies in China's textile industry will benefit from the agreement.The RCEP not only brings direct "dividends" such as tariff reduction and investment and trade facilitation, but also helps to rebuild the industrial value chain in East Asia and accelerate the economic recovery process of various countries.For China's textile industry will also bring a number of benefits.
The 15 member states of RCEP include the ten ASEAN countries, as well as China, Japan, South Korea, Australia and New Zealand, with their total population, economic volume and trade all account for about 30 percent of the global total.Therefore, RCEP is also known as "the world's largest free trade zone".
Лицето, отговарящо за международния отдел на Министерството на търговията на Китай, каза, че официалното прилагане на RCEP е голям нов напредък в регионалната икономическа интеграция в Източна Азия, който значително ще оптимизира цялостната бизнес среда в региона. намаляване на институционалните разходи на предприятията, използващи споразумението за свободна търговия, и допълнително засилване на ефекта от създаване на търговия, породен от споразумението за свободна търговия.
The director said that after the agreement came into force, has approved more than 90 percent of the trade in goods will eventually achieve zero tariff, and mainly immediately tax to zero and zero within 10 years, which means that countries will trade in goods in a short time trade liberalization commitment, for China's textile industry to expand the scale of foreign trade and deepen the industrial chain supply chain cooperation has far-reaching positive influence.
Before the signing of the RCEP, China had established bilateral free trade agreements with most RCEP member states.But with the help of the RCEP, the "bilateral cooperation" between China and other member states will be upgraded to the "multilateral cooperation" in East Asia.Meanwhile, China and Japan will also arrange for the first time: China will eventually reduce tariffs on 86 percent of Japanese products to zero, and Japan will eventually reduce tariffs on 88 percent of Chinese products to zero.This will form a good news for China's textile and clothing exports.
"China is ready to implement the RCEP."The person in charge of the International Department of the Ministry of Commerce said recently that the Ministry of Commerce has held three national RCEP trainsessions, covering all prefecture-level cities, pilot free trade zones and national economic development zones. There are more than 66,000 participants, and more than 70 percent of them are enterprise representatives.
След като RCEP влезе в сила, той значително ще оптимизира цялостната бизнес среда в региона, ще насърчи значителния растеж на регионалната търговия и инвестициите и ще донесе енергични възможности за бизнес.
In the field of trade in services, the level of opening of countries under the RCEP is significantly higher than their respective "10 plus 1" agreements, covering finance, telecommunications, transportation, tourism, education and other important fields, and will be turned into a negative list within six years into effect to further improve the level of opening up.
In the field of investment, members have made high-quality commitments to a negative list of non-service investment, with no new restrictions outside the list. At the same time, they strengthen the level of investment protection, which helps enterprises in the region to expand investment in each other and Chinese enterprises to "go global".This is also a rare opportunity for Chinese textile enterprises.
The textile industry should give full play to the comprehensive advantages of China's complete industrial chain and perfect supporting facilities, and constantly enhance its international competitiveness.For the textile industry, after the RCEP takes effect, the enterprises can introduce the Japanese advanced equipment, strengthen the production capacity cooperation, and enhance the upgrading of the textile and garment industry.
Yu Benlin, director of the International Department of the Ministry of Commerce, said that the full implementation of RCEP will drive nearly one third of the global economy's economy to form a unified large market, with broad space for development and will inject strong impetus into regional and global economic growth.