Home > Latest

Wuxi to help businesses leverage RCEP

Updated : 2022-04-18
(wuxinews.com.cn)

无锡海关为企业签发辖区RCEP首份证 吴蔚摄.jpg

Wuxi Customs issues its first RCEP certificate of origin in January. [Photo by Wu Wei for chinadaily.com.cn]

Wuxi in East China's Jiangsu province has formulated measures to help local businesses make full use of the Regional Comprehensive Economic Partnership agreement, local media reported on April 18.

The city will establish an RCEP research center and an RCEP business service center to explore rules about tariff reduction and certificates of origin under RCEP agreements and assist local companies expand their market presence.

An exhibition center for imports from RCEP members will be built in the city to encourage local businesses to expand the import of quality products from these countries and they are also encouraged to establish overseas warehouses in RCEP members.

Wuxi plans to strengthen its exchanges with the trade promotion agencies in countries involved in the RCEP and cooperate with the Hong Kong Trade Development Council and exhibition company Meorient to help competitive products, including mechanical equipment and textile products, tap the market in RCEP member countries.

The city will also increase its imports of high-end industrial intermediate goods and critical equipment, including photoresist and integrated circuit devices, from Japan, South Korea, and Singapore.

The RCEP agreement, which took effect on Jan 1, was signed by 15 Asia-Pacific countries. Over 90 percent of trade in goods among approved member states will be tariff-free, and all member states will significantly reduce restrictions on economic and trade cooperation, facilitate the flow of goods and factors of production, and improve production efficiency.


8.03K
Videos
 
y1.jpg

​Time to admire cherry blossoms in Wuxi

n1.jpg

Birds and blossoms herald early spring in Wuxi

s1.jpg

Blooming plums in Wuxi

b1.jpg

Ice, snow sports on rise in Wuxi

News
Sports
Videos
Photos
Business
Biz Updates
Industries
Development Zones
Companies
Travel
Attractions
Dining
Accommodation
Shopping
Entertainment
Transportation
Maps
Culture
Culture News
Heritage
Museums
Events
Services
Visa
Marriage
Healthcare
Jobs
Education
Useful Info
Government
Mayor
Departments
Districts
Policies
About
Overview
Statistics
Sister Cities
E-books
Copyright © China Daily. All rights reserved.
The Information Office of Wuxi Municipal People's Government.
Presented by China Daily.