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China Council for the Promotion of International Trade: Regional trade costs have dropped significantly since RCEP came into effect

Yang Fan, spokesperson of the China Council for the Promotion of International Trade, said that in 2023, the value of preferential certificate of origin visas in the national trade promotion system totaled US$65.152 billion, a year-on-year increase of 7.07%; the number of visas totaled 1.6769 million, a year-on-year increase of 21.54%. The steady growth in the number of certificates of origin issued by the national trade promotion system, especially preferential certificates of origin, illustrates that as my country increases the implementation and promotion of free trade agreements and other stabilizing foreign trade policies, the ability of my country’s foreign trade enterprises to enjoy preferential exports is gradually emerging. and levels are also constantly improving.

“In 2023, the total amount of RCEP certificate of origin visas issued by the National Trade Promotion System was US$7.21 billion, a year-on-year increase of 5.54%; the number of visas totaled 218,100, a year-on-year increase of 38.15%. This shows that in the two years since RCEP came into effect, regional trade costs have been significantly reduced , which has brought real policy dividends to members and enterprises.” Yang Fan said.

According to statistics from the China Council for the Promotion of International Trade, in 2023, the national trade promotion system issued a total of 9,273 outbound ATA carnets, a year-on-year increase of 191.97%; the relevant ATA carnets covered a cargo value of approximately 2.620 billion yuan, a year-on-year increase of 150.34%; there were 3,729 certificate processing companies, The year-on-year growth rate was 266.31%, showing a significant jump.

“This shows that although my country’s foreign trade companies have experienced ups and downs in the past year, they still sailed out to sea with tenacious resilience and hard work and actively expanded the international market through various foreign economic and trade activities. This makes us full of respect for China’s foreign trade companies, It also gives us confidence in the development prospects of China’s foreign trade.” Yang Fan said.

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