• Calcium Ingot Reductive 98%min EXW Chinaup(450)  07-02|Silicon Metal 7-8-3 Ex-VAT FOB Chinaup(30)  07-02|Silicon Metal 5-5-3 Ex-VAT FOB Chinaup(30)  07-02|Lithium Carbonate 99.2%min Delivered Chinaup(1500)  07-02|Silicon Metal 7-8-3 FOB Chinaup(30)  07-02|Silicon Metal 4-4-1 Ex-VAT FOB Chinaup(30)  07-02|Silicon Metal 5-5-3 FOB Chinaup(30)  07-02|Lithium Carbonate 99.5%min Delivered Chinaup(1500)  07-02|Silicon Metal 4-4-1 FOB Chinaup(30)  07-02|Bismuth Ingot 99.99%min EXW Chinadown(-3000)  07-02|Yttrium Oxide 99.999%min FOB Chinaup(0.2)  07-02|Yttrium Oxide 99.999%min In warehouse Rotterdamup(0.3)  07-02|Silicon Metal 3-3-03 Ex-VAT FOB Chinaup(30)  07-02|Bismuth Oxide 99.9%min EXW Chinadown(-3000)  07-02
  • China and Japan form bilateral free trade relation for first time

    2022-01-04 15:09:17   [Print]
    On January 1, 2022, the Regional Comprehensive Economic Partnership (RCEP) agreement, the world's largest free trade agreement, entered into force and ten countries including China began to implement obligations of the RCEP agreement.Asian Metal Copyright With the RCEP agreement goes into effect, the company can save RMB700,000 USD109,863 tariff payment per year, and in 15 years tariff rate on the related commodities will decrease to 0.Asian Metal Copyright With the RCEP agreement going into effect, a historical breakthrough is achieved in China-Japan trade relation as they form a bilateral free trade relation for the first time and make bilateral tariff reduction arrangements.

    Before the RCEP agreement enters into force, an auto wire harness production company in Huizhou, Guangdong needed to import large quantities of plastic parts and relays from Japan every year at a customs tariff rate of 10%. With the RCEP agreement goes into effect, the company can save RMB700,000 (USD109,863) tariff payment per year, and in 15 years tariff rate on the related commodities will decrease to 0.

    Of the RCEP members, Japan is China's largest import origin country on auto parts exporter with import value in 2020 over USD9 billion.

    .Asian Metal Copyright With the RCEP agreement goes into effect, the company can save RMB700,000 USD109,863 tariff payment per year, and in 15 years tariff rate on the related commodities will decrease to 0Asian Metal Copyright
    Magnesium Alloy AZ91D FOB China
    Unit:USD/mt
    Magnesium Alloy AZ91D FOB China USD/mt
    China magnesium alloy producers' inventory statistics by month
    Unit: mt
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