The full implementation of RCEP injects strong impetus into regional economic and trade cooperation. Products | Investment | Motivation

Release time:Apr 13, 2024 20:27 PM

On June 2nd, Nanning Customs staff visited Nanning Paiji Paper Industry Co., Ltd. to investigate the production process of the company's products. Shen Jizhong

Nanning, June 4th (Xinhua) - On June 2nd, the Regional Comprehensive Economic Partnership Agreement officially came into effect for the Philippines, marking the full entry into force of the agreement for 15 signatory countries. Industry insiders believe that the full implementation of RCEP will significantly boost confidence in regional economic recovery and inject strong momentum into regional economic and trade cooperation.

In the production workshop of Guangxi Nanning Paiji Paper Industry Co., Ltd., staff are intensifying production. On the 2nd, the company sent a batch of 112 tons of mouth cup coated paper worth 980000 yuan to the Philippines. Yongzhou Customs, a subsidiary of Nanning Customs, issued Guangxi's first RCEP certificate of origin for this batch of products. When the goods clear customs in the Philippines, the tariff will be reduced from the original 15% to zero customs duty.

"We export three batches of goods to the Philippines every month and expect to enjoy a tariff discount of over 300000 yuan, which will greatly increase our business volume." Chen Zhongshu, the Southeast Asian market manager of Nanning Paiji Paper Co., Ltd., is very confident in the future.

On June 2nd, Nanning Customs staff issued Guangxi's first RCEP certificate of origin for the Philippines. Shen Jizhong

The full implementation of RCEP injects strong impetus into regional economic and trade cooperation. Products | Investment | Motivation

After RCEP officially takes effect for the Philippines, in the field of goods trade, the Philippines will add zero tariff treatment to Chinese automobiles and parts, some plastic products, textiles and clothing, air conditioning and washing machines, etc. on the basis of the China ASEAN Free Trade Area. The tariff will gradually be reduced from 3% -30% to zero. In the fields of services and investment, the Philippines has committed to opening up markets to over 100 service sectors, significantly opening up sea and air transportation services, and providing more definite access commitments to foreign businesses in the fields of commerce, telecommunications, distribution, finance, agriculture, and manufacturing.

Jiang Fujia, President of the Philippine Guangxi Chamber of Commerce, stated that the Philippines has a large population and a large market, and Guangxi has strong complementarity with the Philippines in agricultural products, port transportation, new energy vehicles, tourism, and other areas. The implementation of RCEP brings significant development opportunities for economic and trade cooperation between the Philippines and Guangxi, and the future of friendly cooperation between the Philippines and China is promising.

On November 15, 2020, the 10 ASEAN countries, along with Australia, China, Japan, South Korea, and New Zealand, jointly signed the RCEP and pushed for its official entry into force on January 1, 2022. The full implementation of the agreement marks a new stage in the comprehensive implementation of the world's most populous, largest economic and trade scale, and most promising free trade zone.

The relevant person in charge of the International Department of the Ministry of Commerce stated that the full implementation of RCEP will provide strong support for China to promote high-level opening-up to the outside world, promote trade facilitation, and improve the business environment.

According to data from the Ministry of Commerce, in the first quarter of 2023, Chinese enterprises enjoyed a preferential export value of 62.29 billion yuan under RCEP, and could enjoy a tariff reduction of 930 million yuan from the importing country; The import value of Xianghui is 18.25 billion yuan, with a tax reduction of 480 million yuan.

"We are working hard to negotiate with our Chinese partners and strive to sell Malaysia's' Cat Mountain King 'durian fresh fruit to the Chinese market." On June 1st, Zou Yuhui, a member of parliament from the Lao Wu District of Pahang, Malaysia, said at the Guangxi Pahang State Agricultural Products and Tourism Special Matchmaking Conference.

Lao Wu District in Pahang State is one of the main production areas of the "Cat Mountain King" durian in Malaysia. Zou Yuhui said that the local government will leverage the convenience brought by the comprehensive implementation of RCEP to continue deepening cooperation with China in areas such as economy, trade, tourism, and cultural exchanges, achieving mutual benefit and common development.

On April 26th, a moving western land sea new channel sea rail intermodal train. Shen Jizhong

According to data from the Ministry of Commerce, from January to April 2023, the total import and export volume between China and other RCEP member countries was 4.12 trillion yuan, a year-on-year increase of 7.3%, accounting for 30.9% of China's total foreign trade import and export volume. From the perspective of attracting foreign investment, China's actual utilization of investment from other members of RCEP from January to April was nearly 8.9 billion US dollars, a year-on-year increase of over 13.7%.

Industry insiders generally believe that the full implementation of RCEP will drive member countries to promote trade and investment with each other, injecting strong impetus into regional economic integration.

At the RCEP Trade and Investment Exchange Conference held in Fangchenggang, Guangxi recently, Australian Consul General Deng Anyi stated that Australia welcomes the important role of RCEP in strengthening the trade structure of various countries. RCEP helps to deepen economic integration, provide better business opportunities for enterprises in Australia, China, and other RCEP member countries, create important trade and investment opportunities for regional development, and drive economic growth in Asia.

The full implementation of RCEP will reduce the cost of intra regional trade, and enterprises are generally excited. Guangxi Liugong Group has been deeply involved in the Australian market for 20 years. With the implementation of RCEP, trade and investment have been facilitated. The company has recently established a subsidiary in Australia to support local distributors in better serving customers.

"I believe that RCEP will promote our company's business dealings with Australia," said Liu Bo, regional manager of LiuGong Australia. Recently, LiuGong's new generation of new energy electric products have been introduced, which have sold over 2000 units in China and have been launched in the US and UK markets. We will further increase our investment in Australia in the future.

Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【

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