Guangxi issued the first CERTIFICATE of origin exported to Myanmar under RCEP
Nanning Customs introduced that on May 1, the regional Comprehensive Economic Partnership Agreement (RCEP) officially came into effect on Myanmar, the customs of Yongzhou issued the first certificate of origin exported to Myanmar under The RCEP in Guangxi. This certificate is applied by Guangxi Jinmai Export Co., LTD. The goods are a batch of saccharin sodium exported to Myanmar, worth about 1 million yuan, which is expected to enjoy a tariff discount of 10,000 yuan in Myanmar.
According to Li Jing, manager of foreign trade department of Guangxi Jinmai Export Co., LTD., the company exports more than 70 million yuan of Sodium saccharin from Myanmar every year, with a market share of more than 80%. After the RCEP takes effect in Myanmar, these goods will enjoy more preferential treatment, which will greatly help enhance the international competitiveness of enterprises' export products.
On the same day, youyi Pass port, the largest land border port between China and Vietnam, also welcomed the first batch of goods after RCEP took effect on Myanmar. The goods are textile fabrics worth about 120,000 yuan. After customs clearance, the goods will be transported to Myanmar by land.