Hohhot customs issues 2,452 RCEP certificates of origin
In the first half of the year, Hohhot customs issued a total of 2,452 certificates of origin for export to member countries of the Regional Comprehensive Economic Partnership (RCEP). The total value of the goods amounted to $333 million, and tariffs were reduced to a total of approximately $10.81 million for enterprises.
A certificate of origin is a document issued by a specific agency in an exporting country, certifying that the goods were made or produced in that country or region. Because it can prove the nationality of merchandise, it is also called the "economic passport" of goods in international trade.
Certificates of origin are the basis for importing countries to implement preferential trade measures as well as to mete out non-preferential trade policies such as anti-dumping and countervailing measures, safeguard measures, country-specific quantitative restrictions and tariff quotas.
As China signs and implements free trade agreements with more and more countries and regions, the certificate of origin has become an increasingly important document so that exported goods can clear customs smoothly upon arrival in an importing country.
In order to help enterprises enhance their competitiveness, Hohhot customs has actively organized various RCEP publicity trainings, and made full preparations for the implementation of free trade agreements.