China's international trade promotion system issued 669,300 certificates of origin and other assortment in July, up 22.54 percent year on year, said a spokeswoman for the China Council for the Promotion of International Trade (CCPIT), at a press conference in Beijing on Friday. The increase evidenced the growth momentum of China's export and import, said Wang Linjie, the spokeswoman for the country's top trade-facilitating body.
Data showed that in July, the international trade promotion system nationwide issued non-preferential certificates of origin (COs) worth 33.32 billion U.S. dollars, up 4.16 percent year on year, and preferential COs worth 6.77 billion U.S. dollars, up 15.01 percent year on year.
Meanwhile, 21,823 copies of COs were issued under the Regional Comprehensive Economic Partnership (RCEP) rules, up 18.98 percent year on year, she said.
The certificate of origin is an international trade document certifying that goods in a particular export shipment are wholly obtained, produced, manufactured or processed in a particular country or region. The volume of COs issued is often viewed as a barometer to gauge a country's foreign trade.
"Among the export destinations were 11 RCEP member states, including Japan, Indonesia, South Korea and Vietnam, indicating that China's foreign trade enterprises have become more capable to utilize the benefits of the RCEP," said Wang.
RCEP is the world's largest free trade agreement, signed by 15 Asia-Pacific countries in November 2020, and effective for all members in June 2023.
According to the actual needs of foreign trade companies, the CCPIT has opened a green channel for commercial certification, which handled applications from eight enterprises from Algeria, Vietnam and other countries in July, saving nine days for the companies to go through the procedures.
22.54 pct more foreign trade certificates issued in July
22.54 pct more foreign trade certificates issued in July
22.54 pct more foreign trade certificates issued in July
