Agreement strengthens business relations with Indonesia

NANNING — A batch of coated ivory boards worth about 430,000 yuan ($59,800) was packed up at Guangxi Sun Paper Board Co Ltd in Beihai, a coastal city in South China’s Guangxi Zhuang autonomous region, before the New Year holiday. The products were expected to arrive in Indonesia in about 15 days. “With the certificates of origin under the Regional Comprehensive Economic Partnership, our goods will enjoy a tariff reduction of nearly 20,000 yuan when clearing Customs in Indonesia,” said Liu Ning, director of the company’s export Customs affairs. In 2023, the company applied for nearly 200 certificates of origin under RCEP, which significantly helped it explore new advantages in foreign trade and expand its market in Indonesia, Liu added.…

Source: China Daily
Categories: Business, International Business and Trade, Import and Export, Consumer Goods and Services, Marketplaces