Yuefeng aluminum profiles obtained the first export certificate of origin to the Philippines issued by Shanghai Customs
June 6, 2023
On June 2, a batch of aluminum products worth 55,000 US dollars exported by Yuefeng Aluminum to the Philippines obtained the certificate of origin of the Regional Comprehensive Economic Partnership Agreement (RCEP) for export to the Philippines.
With this certificate of origin, the 3% tariff paid by relevant Philippine enterprises to import aluminum profiles in the past has been reduced to zero.
This is also the first certificate of origin issued by Shanghai Customs after RCEP came into effect for the Philippines.
Since then, RCEP has come into effect for all 15 member states, and the world's largest free trade area has entered a new stage of full implementation.
70% of the aluminum products produced by Yuefeng aluminum profiles are used for export sales, which are widely used in conveying equipment, new energy vehicles, electronic appliances, photovoltaic modules, building decoration, etc., and are welcomed by ASEAN countries.
Previously, the company has obtained RCEP certificates in 13 countries such as Thailand and Malaysia, and the award of the Philippine RCEP certificate marks that its aluminum profiles products will increasingly go abroad through RCEP.
Up to now, the company has handled 1,058 certificates of origin for RCEP member states, reducing import tariffs of about 5% of the value of the goods for customers.
Since the implementation of RCEP, the company has seized the opportunities of RCEP, used the full policy dividend, expanded the diversified international market for RCEP, and obtained more orders for the export of aluminum profiles, which has started the international market visibility of Yuefeng aluminum profiles.
