"We have, on average, three batches of goods leaving for the Philippines every month. The RCEP entered into force in the Philippines on Friday, marking a milestone of the world's largest free trade pact being fully effective for all 15 member countries.
On Friday, 112 tons of PE-coated paper rolls manufactured by the company worth 980,000 yuan ($137,987) became the first batch of goods that set sail from Guangxi for the Philippines to get issued the Certificate of Origin (CO) under the Regional Comprehensive Economic Partnership (RCEP) by local customs authorities.Īnd with that piece of paper, the tariffs on these goods were expected to be slashed from the original 15 percent to effectively zero. Workers hired by Nanning Paperjoy Paper Industry Co Ltd were scrambling to step up production as overseas orders have been piling up.
NANNING - The rumbling sound and ground vibration from the machines inside a workshop on the outskirt of Nanning, capital of South China's Guangxi Zhuang autonomous region, were palpable even at a distance.
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