Enterprises receive tariff reductions of approximately 2.8 billion yuan

Recently, Hangzhou Customs announced that from January to February this year, the customs issued 219000 certificates of origin for various free trade agreements, with a total value of 55.96 billion yuan in visa goods, an increase of 15.2% and 14.6% respectively year-on-year, helping enterprises enjoy import tariff reductions of about 2.8 billion yuan.  
Zhejiang Hongsheng Chemical Co., Ltd. is a high-tech enterprise that provides chemical intermediates for downstream industries such as dyes, tires, and pesticides. With the help of preferential policies such as the China ASEAN Free Trade Agreement and the Regional Comprehensive Economic Partnership (RCEP), the company's market share in Southeast Asia and other regions continues to expand. In January, we have obtained preferential certificates of origin for over 32 million yuan worth of exported goods, and the zero tariff price advantage has increased the competitiveness of our products in the local market. This month, the export volume to the RCEP market alone has increased by about 15%. ”Peng Yongqing, Minister of Supply Chain Management Department of Zhejiang Hongsheng Chemical Co., Ltd., introduced.  
With the continuous expansion of China's free trade "circle of friends", more and more enterprises are taking advantage of the tax reduction advantages brought by free trade agreements to explore new trade growth points. Zhejiang Yate Electric Appliance Co., Ltd., located in Jiaxing, is an enterprise engaged in the research and development, design, and production of garden tools, electric tools, and intelligent products. In January, the company applied for the China Ecuador Free Trade Agreement Certificate of Origin for its lithium-ion battery packs and other products for the first time, which is expected to reduce tariffs by 99000 yuan.  
We will rely on the 'Red Boat Enterprise Navigation' service platform to assist enterprises, carry out targeted policy promotion, and promote the 'China Customs Preferential Origin Service Platform' to meet the personalized query needs of enterprises regarding agreed tax rates, origin rules, origin policies and regulations. At the same time, we will combine convenient measures such as online declaration and intelligent review to enable foreign trade enterprises to enjoy benefits conveniently, "said the relevant person in charge of Hangzhou Customs.