Will free trade agreement RCEP deal to boost Drip Coffee Bag Packing Machine Trade with benefit for regional global economy
Will free trade agreement RCEP deal to boost Drip coffee bag packing machine Trade with benefit for regional global economy? I think, very curious about it!
After the completion of RECP, it is mainly to help import and export enterprises, reduce operating costs, countries that have signed contracts, the mobility of goods, technology, services, capital, and personnel has increased, making it easier for everyone to invest in each other, with the same rules and convenience. People from outside areas come to invest, which helps everyone to attract foreign investment.
With this free trade agreement RCEP deal, it can save cost and increase the benifit. As reported, In 2018, China's total trade volume was US$4.6 trillion. Now the other 14 countries that have signed the RECP agreement account for US$1.3 trillion. The signing of this agreement will greatly benefit China's foreign trade companies and stabilize investment.
With this free trade agreement RCEP deal, it can lower the tax. Because after the signing of the RECP agreement, zero tariffs will be applied to more than 90% of tax items regional global economy, and it may increase to 95% of tax items in the future.
This tax reduction process is implemented gradually. It is not that as soon as you wake up tomorrow morning, you will be notified that all products have zero tariffs. After signing the agreement, the tariff will be reduced by 65% and 80% within 10 years, and then slowly. If it is reduced to 90%, there is a process of adapting to everything. When you fall in love with your girlfriend, you have to start by holding hands. Otherwise, the progress is too fast and everyone can't stand it physically and mentally. This tax reduction plan may take more than ten years to be fully implemented.
But everyone is rushing to this beautiful hope. The best wish is to import wool from New Zealand duty-free to China. China will weave it into high-quality fabrics, and then ship the fabrics duty-free to Vietnam. Vietnam will use cheap labor costs to make The fabric is made into clothing and then shipped to Japan, Korea, or other countries in the world. That is how the cost is down. Because this flow process has always been tax-free regional global economy, the cost of clothing has been kept down. So it is same if you import drip coffee bag packing machine, it also means the cost is lower than before!
Advantage of free trade agreement RCEP deal:
1. The people of the member states have gained more benefits and convenience in their lives.
2. Promote the minimization of production costs and the optimization of trade efficiency.
3. Promote smoother industrial and supply chains in the region.
Meanwhile, you produce the coffee beans and drip coffee bag produced by the automatic packing machine, and the selling cost is lower too. And it is both good for costomers and clients!
Automatic packing machine benefit from RECP deal:
1. Import tariffs for Drip coffee packaging machine will be lower than before.
2. Will boost the coffee products sales, which bring great goods to coffee company.
Here is the first drip coffee packaging machine sold under RCEP deal:
Thank you!