Japan Lowers Import Tariff under RCEP for the Third Time "Made in Jiangmen" to Enjoy Benefits Again

2023-04-04

On April 1st, Japan lowered tariffs on imported goods under the Regional Comprehensive Economic Partnership Agreement (RCEP) for the third time, and Jiangmen enterprises obtained greater tariff preferences for exports of goods under Japan's RCEP. Last year, our exports to Japan increased by over 10%, and as a customs approved exporter, we enjoyed the convenience of issuing a declaration of origin without customs approval, which made our production and operation more flexible. "Lianxin (Kaiping) High Performance Fiber Co., Ltd. exported 900 million yuan of tire cord fabric in 2022, a year-on-year increase of 9%. Customs declaration manager Lu Zhuoxun stated that with the expansion of Japan's tariff reduction, the company's products exported to Japan are expected to receive an additional 520000 yuan in preferential tariffs compared to last year. The news of further tariff reductions has also excited Jiangmen Jingji Plastic Factory Co., Ltd. In 2022, the company learned about the relevant policies through the propaganda activities, and handled 64 copies of RCEP certificate of origin exported to Japan in Jiangmen Customs, involving plastic bottles, caps, etc., all of which belong to Japan's phased tax reduction products. Li Jiaqiang, the general manager of the company, said: "The Japanese import tariff of our products has dropped from 3.9% before the RCEP came into effect to 2.8%, which gives us more confidence in expanding the Japanese market." Jiangmen Customs introduced that in the first year of the implementation of RCEP in 2022, the customs issued 2696 RCEP certificate of origin for goods exported to Japan, enjoying a value of 130 million dollars. The enterprise has issued 77 declaration of origin with a value of 52.64 million US dollars, and all the goods have been shipped to Japan. Among the goods with RCEP certificate of origin handled in the customs area, the tariff of most products will be reduced to zero in stages. (New News Agency)

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