On January 1, 2022, the Regional Comprehensive Economic Partnership (RCEP) formally took effect. Our company became the first RCEP approved exporter in Zhejiang province under the approval of Hangzhou Customs and issued the first declaration of origin under the RCEP the very next day.
The approved exporter system, a facilitation measure for certifications of origin (CO), is one of the highlights of the RCEP agreement. Enterprises that have become approved exporters can independently issue COs without applying through customs when exporting goods, thus streamlining and expediting the exportation of goods.
According to an official at the Hangzhou Customs Tariff Office, the approved exporter system is a core part of the RCEP agreement and is a prominent development trend of the preferential origin certification mode worldwide.