From June 2, My Country and The Philippines will Mutually Implement RCEP Tariff Concessions

The Customs Tariff Commission of the State Council recently issued an announcement stating that from June 2, 2023, some imported goods originating in the Philippines will implement the agreed tax rates applicable to RCEP ASEAN member states, and the tax rates for subsequent years will be implemented from January 1 of that year.

After RCEP officially came into effect for the Philippines, in the field of trade in goods, the Philippines, on the basis of the China-ASEAN Free Trade Area, added zero-tariff treatment to my country's automobiles and parts, some plastic products, textiles and clothing, air-conditioning washing machines, etc., after a certain transition In the near future, the tariffs on the above products will be gradually reduced from 3% to 30% to zero.

After RCEP came into force for the Philippines, all 15 members have completed the entry into force procedures and implemented tariff concessions with each other, and the agreement has entered a new stage of full implementation.