Booming business – RCEP boost trade cooperation between Indonesia and China

JAKARTA/NANNING (Bernama-Xinhua): A batch of coated ivory board worth about 430,000 yuan (US$60,098) was packed 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 are expected to arrive in Indonesia in 15 days. “With the certificates of origin under the Regional Comprehensive Economic Partnership (RCEP), 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 have significantly helped it explore new advantages in foreign trade and expand its market in Indonesia, Liu added.…

Source: The Star
Categories: Business, International Business and Trade, Import and Export, Consumer Goods and Services, Marketplaces