According to Japan's commitment in RCEP, the first tariff reduction on the date of effectiveness of the agreement (January 1, 2022), and then the second tariff adjustment on April 1, 2022.
So, what impact does Japan have reduced RCEP import tariffs for the second time?
This means that Japanese importers can import foreign goods by lower costs, including Chinese exports, which helps Chinese exporters to increase foreign trade orders. Of course, the premise is to apply for the RCEP origin certificate to the Japanese enterprise in advance when exporting from China. Moreover, the RCEP origin certificate supports itself in a single window.
With the reduction of tariffs in RCEP year by year, the potential of RCEP will continue to stimulate and release, and enterprises and people of regional countries will receive more benefits and benefits.
As of March 18, 2022, the effective parties of the RCEP agreement were eliminated in addition to Japan, as well as China, Brunei, Cambodia, Laos, Malaysia, Singapore, Thailand, Vietnam, South Korea, Australia and New Zealand. Countries that have not officially effective are: Philippines, Indonesia and Myanmar.
