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[The RCEP has entered into force, which will create significant good and institutional dividends for the China Textile Industry.]
Release date:[2022/1/15] Read a total of [268] time

On January 1, 202, the "Regional Comprehensive Economic Partnership Agreement" (RCEP) was officially entered into force in 15 Member States, which marked the most global population, the most economic and trade scale, the most developed free trade zone officially landed.


As a textile export big country, my country is complete, and has strong international cooperation and integration development advantages. At the same time, RCEP Member States is an important market for my country's textile and apparel raw materials and exports. The upstream scale advantages in our textile industry chain are also very obvious. With the effective implementation of RCEP, the development prospect of our textile industry area has received much attention.


Recently, Xu Yingxin, Vice President of China Textile Industry Association, received an interview from CCTV "Focus Interview" columns, China International TV Station "Global Finance" column and "Economic Daily". Xu Yingxin said in an interview that RCEP's effective implementation will create a significant advantageous and institutional dividend for sustainable development of China's textile industry.


Xu Yingxin said that from the trade level, RCEP is conducive to the reduction of export costs and expands the interests of the textile industry. In particular, Japan's fourth largest export market in our industry, this time, my country has established a new self-trade partnership in China and Japan, which is the first time in my country, the first ten economies, and the world's freedom. A major historical breakthrough in the trade zone strategy.


"After the agreement takes effect, tariffs will decrease until it is reduced to zero, and the range of products covered is very wide, 99.3% of textile products are covered, and our China's exports to Japan are discounted. The competitive advantage is displayed. I The textile industry is expected to further improve the scale of 20 billion US dollars. "


After the RCEP took effect, Japan will eventually realize zero tax on most Chinese textile and apparel products within 15 years. At the same time, RCEP has formed a higher level of self-trade agreement, and some product tariffs will be better, and some product tariffs will be better, and some product tariffs will be better. The efficiency improvement, expand the overall export size of our industry.


From cross-border investment and cooperation, the effective implementation of RCEP is conducive to increasing the level of industrial chains in the region and supply chain.


Some RCEP Member States, such as Vietnam, Cambodia, Myanmar, etc. are also an important destination for foreign investment in our industry. According to the Ministry of Commerce, 2015-2020, the textile industry has directly investing RCEP countries with 3.15 billion US dollars, accounting for 38% of the industry's direct investment in the world. After the agreement entered into force, it will help our company's active integration of quality resources in the region, and better promote the formation of China's core textile and apparel industrial manufacturing base and consumption center.


"At present, my country has initially built strong countries in the textile industry. The confidence in the whole industry also has the ability to grasp the historic opportunities brought by RCEP. Under the new development pattern, further smoothly open domestic international double cycle, moving toward high quality development."


Xu Yingxin said that China Textiles will also encourage textile and garment enterprises through more industry training and special activities, and expand the export of advantageous products, and guide enterprises to strengthen investment cooperation in regional transnational green space. Improve the capacity of international development levels and coordinating domestic and foreign resources.

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