By Zhu Beining and Liu Lu
On 16 September, Nantong council for the promotion of international trade published the latest statistics: from January to August, Nantong issued 18991 RCEP preferential certificates of origin, the amount of money was 591 million U.S. dollars, the number of certificates accounts for 56% and the amount of money accounts for 43% of that of Jiangsu.
It means that since Regional Comprehensive Economic Partnership (RCEP) took effect, the number of RCEP certificates of origin in Nantong and the amount of money per month have been leading in Jiangsu trade promotion system for continuous 8 months. The total number of certificates is ranked the 1st in cities with districts in China.
From January to August, the number of RCEP preferential certificates of origin to Japan issued by Nantong is 18740, which accounts for 56.7% of the total number of certificates to Japan in Jiangsu, the preferential goods value is about 583 million U.S. dollars, which accounts for 43.5% of that of Jiangsu. The absolute advantage in number of certificates to Japan, realized the leading role of Nantong’s RCEP certificates of origin data in Jiangsu.
Nantong Dongrun Fashion Co., Ltd., whose 70% of products are exported to Japan, became one of the enterprises which enjoyed bonus effect. ‘The procurement costs of Japanese clients are also increasing. They are very active about reducing tax using RCEP, some even calculated tax rate of the future more than 10 years in advance and provided us.’ vice general manager Tang Yongrong said.