General

Preferential trade agreement (arrangement)

After the implementation of RCEP, its tariff concessions will be implemented in parallel with other preferential trade agreements (arrangements). Each preferential trade agreement (arrangement) has its own tariff reduction list and rules of origin. The same goods will correspond to different tax reduction levels and rules of origin under different agreements. All import and export enterprises shall, according to their own conditions, comprehensively evaluate and compare the tariff reduction range of RCEP and other preferential trade agreements (arrangements), rules of origin and their implementation and operating procedures, optimize the supply of enterprises, and make full use of preferential policies to achieve economic growth. Maximize revenue.

All importing companies should compare the tax reduction levels and rules of origin under different preferential trade agreements (arrangements) for their imported goods. In particular, it should be noted that the tax rates and rules of origin applicable to the same goods in the same country of origin under different preferential trade agreements (arrangements) may also be different. Take Korean origin goods as an example. After the RCEP takes effect, there will be three preferential trade agreements between China and South Korea, RCEP, China-Korea Free Trade Agreement, and Asia-Pacific Trade Agreement. When importing goods from South Korea, an importing company needs to consider which preferential trade agreement to apply for the preferential tariff, and must ensure that the goods have the qualification of origin under the agreement.

Take lithium nickel, cobalt and manganese oxide, the main cargo that my country enjoys imported from South Korea as an example. The application of this product under the three agreements of RCEP, the China-Korea Free Trade Agreement and the Asia-Pacific Trade Agreement, the level of tax reduction and the rules of origin The main differences are detailed in the table below.