On May 7, Xiamen customs issued a certificate of origin under the Regional Comprehensive Economic Partnership (RCEP) agreement for a batch of aluminum easy-open lids that will be exported to Myanmar.
It was the first RCEP certificate of origin that has been issued in Fujian province for exports to Myanmar since the world's largest free trade deal took effect in the Southeast Asian country on May 1.
The aluminum easy-open lids that are worth $343,000 were produced by Xiamen Baofeng Industry Co. The company has one of the largest aluminum easy-open lid factories in the world and has seen a rapid increase in exports to Myanmar over the past few years.
Since the RCEP agreement took effect on Jan 1 this year, Xiamen customs has been working to teach local companies about relevant policies as a key step to promote stable foreign trade growth.
In the first quarter of this year, Xiamen customs and the Xiamen Commission of China Council for the Promotion of International Trade issued 2,279 RCEP certificates of origin worth a total of $170 million to 283 companies.
China has launched a new pilot program to allow eligible enterprises greater access to overseas financing in support of green and low-carbon transformation projects, the country's foreign exchange regulator said on Aug 21.
To further streamline the experience, China is expanding tax refund stores, broadening the range of refundable goods, and refining refund procedures, ensuring an efficient and seamless shopping experience for global visitors.
