RCEP Brings Tax Reduction Preferential Policies to Zhejiang-Based Enterprises
en.hangzhou.com.cn   2022-01-05 16:56   Source:City Express

Regional Comprehensive Economic Partnership (RCEP) took into effect on January 1, 2022, which will bring great benefits to foreign trade enterprises in Zhejiang. According to Hangzhou Customs, the total value of trade between Zhejiang-based enterprises and RCEP members reached RMB 948.61 billion from January to November last year, showing a year-on-year growth of 19.4% and occupying 25.2% of the total imports and exports of Zhejiang Province.

Up to January 3, Hangzhou Customs had issued 46 RCEP certificates of origin for 22 Zhejiang-based enterprises, the value of goods reaching RMB 19.148 million, mainly metalware, seafood, flower, textile, chemical, and plastics exporting to foreign countries like Japan. The estimated amount of tax reduction enterprises can get in importing countries is about RMB 570 thousand.


Author:CHENG Chao (Reporter)  Editor:Wang Jian