It is reported that on November 15, the regional comprehensive economic partnership agreement (RCEP) was successfully signed, which is undoubtedly a great good news in the difficult economic development year of 2020. At the same time, it also provides a very potential development platform for China's
1、 What is RCEP
RCEP is a free trade agreement initiated by ASEAN in 2012 and signed by 15 member countries including China, Japan, South Korea, Australia and New Zealand. After years of negotiation, it finally overcame many difficulties and announced its birth. According to the treaty, 15 member States promised to reduce tariffs and open the market. According to the media forecast, the tariff of automobile parts exported from South Korea to Indonesia is expected to be reduced to zero from the current 40%. This is very good news for China's import and export industry, not to mention the precision machinery parts industry.
RCEP is a free trade area with a large population, diverse membership structure and great development potential in the world. It is undoubtedly a good news for
3、 Enterprises need continuous transformation and upgrading
With the continuous development and change of the world economic system, all enterprises should keep up with the pace of development, constantly transform and upgrade, enhance the strength of all aspects, and strive for better use of this policy. As the tariff is reduced, the trade cost of enterprises will naturally be less. I believe that with the acceleration of the process of free trade, the market space will be greater. What we can do is to strengthen ourselves first!
The times have been progressing, Yize will also adhere to the times, to provide customers with satisfactory mold mechanical parts.
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