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Recently, the cloth that a batch of goods value 200 thousand yuan produces oneself is in Qingdao customs place to belong to jimo custom declare export, after finishing customs clearance to supervise formalities, be about to depart from Qingdao port to be transported to Vietnam. The fabric was made by Qingdao Guihua Knitting Co., and was destined for the company's overseas processing plant in Vietnam. "The company's overseas factories can finally use the fabric produced by the parent company at home." Qingdao guihua knitting co., LTD. Business Minister Li Yuqin said happily.
Qingdao Guihua Knitting Co., Ltd. is a comprehensive knitting company. In order to reduce the production cost and enjoy the preferential tariff given by Japan to ASEAN member countries, the company has invested in the construction of knitting garment factories in Vietnam and other southeast Asian countries, and the products are mainly sold to Japan and other RCEP member countries. Although the parent company in China mainly produces knitted fabrics, in order to enjoy the tariff preference given by Japan to the knitted garments made in Vietnam, the company had to purchase production fabrics from Vietnam, which affected the unimpeded industrial chain and supply chain between the domestic company and overseas factories.
"Under the Free Trade agreement between Japan and ASEAN, the value component of knitted garments in Vietnam must reach 70 percent in order to meet the rules of origin under the agreement and enjoy zero tariff in Japan." Li Yuqin said, because knitting clothing processing is relatively simple, the use of domestic parent company cloth can not achieve 70% value-added requirements in Vietnam, so even if the fabric quality and price of domestic parent company production are better than Vietnam cloth, enterprises can not use.
Qingdao customs tariff level 1 senior director of Yao Yong, said RCEP comes into force, with Japan and South Korea and the asean countries such as China to become the same agreement of the parties, multiple bilateral free trade agreement signed between member before were integrated, not only reduces the enterprise at the threshold of the fta, but also can get through the wall of domestic multinational enterprises inside and outside circular points, We will stabilize and unblock domestic and foreign industrial and value chains.
"Fabrics of Chinese origin used in processing plants in Vietnam can be considered as components of contracting Parties. "Our knitted garments processed with domestically produced fabrics meet the requirements of the RCEP agreement on rules of origin and can continue to enjoy zero-tariff treatment in Japan with the RCEP certificate of origin issued by Vietnam." Li yuqin said that this can not only improve the overall profits of the company, but also can stabilize the textile, printing and dyeing industry chain in China, extending the industrial value chain.
It is estimated that thanks to the tariff reduction policy brought by RCEP, Qingdao Guihua Knitting Co., Ltd. will increase its textile export capacity to ASEAN by 21.66 million yuan every year due to the adjustment of the industrial chain and supply chain, and drive the development of other upstream and downstream industries.
Under the guidance of the customs, Qingdao Canamedi Household Products Co., LTD., also located in Qingdao, plans to provide domestic knitted fabrics for its Processing plants in Vietnam according to the "Preferential scheme", so as to grab the policy dividends brought by RCEP origin accumulation rules.
"After our company completes the supply chain adjustment of overseas processing plants, it is expected to increase the export of home textile fabrics to Vietnam by more than 100 million yuan every year." "Said Song Jian, Vietnam manager of the company's production management department.
"This year, Shandong province has listed light textile as a 'top ten' industry, and launched an action to optimize and upgrade the industrial chain and supply chain. As an important textile and garment industry base in China, Qingdao will also embrace new development opportunities." Yao Yong said that by sharing the information of overseas investment projects with the Commerce Department, the customs initially selected about 10 Qingdao textile and garment enterprises investing in ASEAN as the focus, and gave precise policy guidance to enterprises, helping enterprises to extend the industrial chain, optimize the supply chain and extend the value-added chain. It is estimated that after these enterprises make full use of the RCEP rules of origin, they will increase the export business of knitted fabrics by nearly 200 million yuan every year. In the next step, Qingdao Customs will continue to promote RCEP policies and encourage cross-border enterprises to make full use of preferential policies.
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