“Paper Gold” helps Ningbo expand its seaway

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Category: Governmental News

Published: Tuesday, 10 October 2023 14:08

The certificate of origin is an important document in international trade that enjoys tariff preferences from the importing country, and is known as the "Paper Gold" in trade. In the first eight months of this year, Ningbo Customs issued a total of 259000 certificates of origin, involving a value of 10.83 billion US dollars. Among them, the customs issued 19000 RCEP certificates of origin, with a value of 730 million US dollars, an increase of 23.4% and 1.5% year-on-year, respectively.

The "paper gold" has enhanced the comprehensive export competitiveness of Ningbo's foreign trade enterprises, and also opened up a broader overseas market for " Excellent Products of Ningbo Enterprise".

Nowadays, more and more export enterprises are proficient in using various preferential trade agreement policies and rules such as RCEP and bilateral trade agreements