This means that Japanese importers can import foreign goods at a lower cost, including Chinese exports in the past, which is conducive to the opportunity for Chinese exporters to increase foreign trade orders. Of course, the premise is to handle the RCEP certificate of origin in advance when exporting from China and provide it to Japanese enterprises. Moreover, the RCEP Certificate of Origin supports self-printing in a single window.
As of March 18, 2022, in addition to Japan, the RCEP agreement is signed by China, Brunei, Cambodia, Laos, Malaysia, Singapore, Thailand, Vietnam, South Korea, Australia and New Zealand. Other countries that have not taken effect include the Philippines, Indonesia and Myanmar.
China's Hong Kong has been quite active in joining the RCEP. In June last year, Chief Executive Carrie Lam said that Hong Kong has sufficient conditions to join the RCEP, which will help attract more Hong Kong enterprises to invest in RCEP member economies and drive regional investment and related construction development. She revealed that Hong Kong has expressed its willingness to join the RCEP member economies since 2018, and RCEP members have also welcomed Hong Kong's formal proposal to join the agreement after its entry into force.
