Discover “big artery”, release logistics policy dividend

01 We will improve trade facilitation

China and ASEAN are highly complementary, have a wide range of cooperation and great potential for development. They are each other's important trading partners. One of the good things after the RCEP came into effect is the tariff concession arrangement. Under the agreement, more than 90 percent of the trade in goods in the region will eventually achieve zero tariff. Feed Through Terminal Blocks, Idc Male Connectors and Bike Reflectors should be noted.

According to the rule of origin accumulation, as long as the value added part of the product realized in the processing process belongs to the 15 member states, and the cumulative value added of more than 40% can enjoy the corresponding tariff preference. This has brought more confidence to Chinese and ASEAN enterprises in multinational cooperation.

In terms of cutting non-tariff barriers, the agreement enables China and ASEAN to gradually implement unified rules in customs procedures, inspection and quarantine, technical standards and other fields, thus further reducing the cost of trade cooperation between China and ASEAN. Thanks to other favorable factors such as the effectiveness of the RCEP, ASEAN surpassed the EU in the first quarter of this year, and it became China's largest trading partner again.

02. Expand the "main arteries" of cross-border logistics

The deep connection between trade and industry directly drives the quality and upgrading of cross-border logistics networks in the region. After the RCEP took effect, the rail-sea combined transport freight train of the new land-sea corridor in western China has added raw sugar, starch and wood, and opened the "RCEP- -Beibu Gulf Port- -Henan", "Southeast Asia- -Qinzhou- -Xi'an" and "India- -Beibu Gulf Port- -Guiyang".

As the gateway port of China to ASEAN, Guangxi Beibu Gulf port recently opened a number of container routes to promote container liner exchanges with ASEAN countries, opening the China-Laos railway and railway connectivity, making the international logistics channel of land-sea combined transport more convenient and smooth

The booming development of ASEAN-China cross-border logistics between China and ASEAN has accelerated the construction of a number of industrial parks such as China-Malaysia and the China-Singapore Nanning International Logistics Park, and accelerated the growth of new business forms and models such as cross-border e-commerce and overseas warehouses, thus adding vitality to China-asean economic and trade cooperation.

03. Accelerate the integration of the industrial chain and supply chain

The RCEP covers a wide range of areas, such as tariff reduction, trade facilitation, and service and investment opening-up. It will encourage the Asia-Pacific region to strengthen industrial chain coordination, optimize the distribution of supply chains, and promote the free flow of economic factors.

Under the framework of RCEP, China and ASEAN have broader common interests in sharing super-large markets, further exerting complementary advantages and rationally allocating production factors, and industrial and supply chain cooperation has broader prospects. It is fair that against the backdrop of thriving regional economic integration, China-ASEAN cooperation enjoys stronger momentum and better prospects.

Not long ago, Chinese State Councilor and Foreign Minister Wang Yi, when meeting with ASEAN Secretary-General Lin Yuhui, proposed to launch the construction of the 3.0 version of the China-ASEAN Free Trade Zone as soon as possible, and fully implement and promote the upgrade of the RCEP in due course. Looking ahead, the RCEP will surely produce more fruitful results in china-asean economic and trade cooperation and provide new drivers for regional and global economic recovery and development.

RCEP takes effect, and Guangxi and Yunnan have become new economic centers. The 11th China International Freight forwarders Conference and the 7th International Freight Fair in 2022 is held in Kunming, Yunnan province, the future central city of RCEP. The "two sessions" held in Yunnan, its purpose is to let the freight forwarder enterprises fully enjoy the RCEP policy dividend, seize business opportunities in Yunnan, seize southeast Asia international logistics channel, explore the outbreak era enterprise new direction at the same time, the real capture cross-border electricity, free trade, bonded, border trade, Laos railway, the new channel and Belt and Road new strategic opportunities

Post time: Aug-23-2022