After the RCEP takes effect, Chinese enterprises will be able to import advanced technologies, important equipment, key spare parts and consumer goods at lower costs, as well as productive services such as design, research and development, energy conservation and environmental protection, so as to better meet the consumption upgrading needs of China's domestic market. Moreover, through THE RCEP, China and Japan have for the first time reached bilateral tariff reduction arrangements, which will expand the proportion of China's zero-tariff imports from Japan from 8% to 86%, benefiting many industries, including textiles.
In addition, after the RCEP takes effect, 91% of tariffs on goods will be gradually removed, non-tariff barriers will be lowered, unified rules on services and investment will be established, and trade and investment facilitation will be greatly enhanced. The entry into force of the agreement is of great significance to promoting free trade within the region, stabilizing industrial and supply chains, and promoting high-level opening-up in China. This will undoubtedly have a huge impact on the textile industry with relatively high export business.
Recently, the Customs issued guidance on the RCEP key rules of origin, some of which are related to the textile industry.
1. Accumulation rules
"Accumulation" is an important supplementary rule, which means that when determining the origin qualification of products, the raw materials used in the production of products from other PARTIES of the FTA shall be regarded as the raw materials of the contracting party where the products are produced, and the FREE trade area shall be regarded as a whole to promote the freedom of trade within the region.
The cumulative rule essentially reduces the threshold for products to obtain the qualification of origin and has the effect of "softening agent", which is conducive to encouraging producers to allocate production resources within the region of contracting Parties, strengthening the coordination between upstream and downstream industries, and thus facilitating the development of industrial economy and intra-industry trade within the region.
2. Micro content rule
The minor content rule is also known as the "tolerance rule". Under Article 7 of the Treaty, if a portion of non-origin material used in production does not meet the criteria for the classification change, the goods may still be of origin as long as the proportion of value or weight of the non-origin material does not exceed 10%.
The micro content under RCEP can be calculated by value for all goods under Chapter 1 to chapter 97, i.e. the value of non-origin materials allowed to be used in the production of the goods and not subject to a change in tariff classification does not exceed 10% of the FOB price of the goods; For chapter 50 to 63 goods (textile raw materials and textile products), the minor content can also be calculated by weight, that is, the weight of non-origin materials not subject to the change in tariff classification is not allowed to exceed 10% of the total weight of the goods.
3. Independent declaration of origin of enterprises
Under Article 16 "Certificate of Origin" of the AGREEMENT, RCEP will allow the use of certificates of origin issued by issuing agencies, declarations of origin issued by approved exporters, and declarations of origin issued by exporters or producers.
This indicates that China's certificate of origin system will gradually change from the mode of taking the certificate of origin as the main certificate of origin to the mode of issuing the certificate of origin by authorized institutions and issuing the declaration of origin by enterprises themselves. The introduction and vigorous implementation of the system of independent declaration of origin is one of the important features of high-level free trade agreements, which greatly saves the administrative costs of the government and the operating costs of enterprises, and further improves the validity of customs clearance of goods.
In addition, according to the RCEP agreement text, in the next 10 years and no more than 20 years, China will introduce a mode in which no entry threshold is set and any exporter or producer can issue a declaration of origin. This mode will exempt export enterprises from applying for the certificate of origin of goods or applying for the qualification of approved exporters to the customs, further improve the efficiency of international trade logistics, reduce enterprise operating costs, and improve the international competitiveness of China's export enterprises.
4. Back-to-back proof of origin concept
Article 19 of the Agreement provides for the issuance and verification of back-to-back certificates of origin. A back-to-back certificate of origin is in fact an endorsement of a certificate of origin or declaration that the goods have not been treated beyond the provisions of this article.
RCEP back-to-back of certificates of country of origin is the middle parties to have the original parties to the issue of certificates of country of origin of export goods, certificate of origin issued by the partial flexible installment again, related when importing the goods in the other contracting party still can enjoy preferential tariff treatment, greatly improve the enterprise flexibility in terms of sales strategy and logistics arrangement.
In addition, the Customs suggests that the complexity and diversity of rules of origin under the RCEP agreement provide more possibilities and options for operators to optimize the layout of their supply chains in the Asia-Pacific and even globally. It is suggested that enterprises strengthen their study of RCEP rules of origin, make production and logistics arrangements in advance according to the characteristics of their products and industrial chains, establish a concept of transnational industrial development, optimize industrial layout, improve corporate management efficiency, and make good use of the benefits of free trade agreements.
In the future, RCEP will boost intra-regional trade and investment and bring booming business opportunities. After the agreement comes into force, more than 90% of trade in goods between approved members will finally be tariff-free, and the tax will mainly be reduced to zero immediately and to zero within 10 years, which means that countries will fulfill their commitments on trade liberalization in goods in a relatively short time. With the implementation of goods rules such as rules of origin, customs procedures, inspection and quarantine, and technical standards, tariff cuts and the removal of non-tariff barriers will have a synergistic effect and significantly enhance trade links among MEMBERS. In the area of trade in services, the level of openness of all countries under the RCEP is significantly higher than that of their respective 10+1 agreements, covering important areas such as finance, telecommunications, transport, tourism and education. The RCEP will be transferred to a negative list within six years after it comes into force, thus further enhancing the level of openness. In terms of investment, member economies have made high-quality commitments on non-service sector investment by adopting a negative list approach, and no new restrictions are allowed. At the same time, the level of investment protection has been strengthened. This will help enterprises of various countries in the region expand investment with each other and help Chinese enterprises "go global".
source:http://info.texnet.com.cn/detail-877002.html