RCEP is now fully enforced in all 15 member countries.

Commerce reveals that RCEP is fully enforced for all 15 member countries, speeding up the adjustment of the utilization documents to be more comprehensive.

Ron Ron Poonphiphat, Director-General of the Department of Foreign Trade. The Ministry of Commerce revealed that the Philippines has now ratified the ASEAN Secretariat as the final member of the Regional Comprehensive Economic Partnership Agreement, bringing the RCEP into full force for all 15 member countries. January 1, 2022

In 2022, it applies to all 13 member countries, namely Brunei, Cambodia, Lao PDR, Singapore, Thailand, Vietnam, Australia, China, Japan, New Zealand, South Korea, Malaysia and Myanmar, and in 2023, it is effective for Indonesia on January 2, 2023. and the latest with the Philippines on June 2, 2023, resulting in full force for members of all 15 countries.

Therefore, the Department of Foreign Trade, as the agency responsible for issuing Certificate of Origin (C/O), has issued a new announcement of the Department of Foreign Trade to support the aforementioned enforcement. The announcement of the Department of Foreign Trade relating to the issuance of all 6 Form RCEP certificates of origin has been compiled into one document. and maintain the essence of various criteria As previously stated by the agreement

In order to facilitate entrepreneurs in searching and referring to various criteria Related Whether it is a list of 15 member countries of the RCEP Agreement, the Rules of Origin and Product Specific Rules (PSR) in accordance with HS 2022, the Procedures for obtaining a Certificate of Origin Form RCEP and a picture. form of Form RCEP, etc.

RCEP members are important trading partners of Thailand and have many bilateral and multilateral Free Trade Agreements (FTAs) in effect. Same Rules of Origin (ROO) as all members.

Including RCEP is another option that has been upgraded from other FTAs besides trade in goods such as e-Commerce, government procurement. facilitating modern trade promoting creative innovation Although RCEP tariffs on some items are higher compared to other FTAs.

However, the tax rate will be gradually reduced in steps until it reaches 0 in the 10th, 11th, 15th, 16th or 21st year of the Agreement coming into force. From January 1, 2022 to March 31, 2023, the use of RCEP trade privileges is worth US$ 1,299 million. The Thai export products that received the most licenses were lubricants, valued at US$ 642 million. Canned tuna worth $155 million Cassava chips worth $85 million Fresh durian worth $51 million

These are exports to South Korea, Japan, China, respectively. Although operators can choose to use other FTAs to export to RCEP members, they choose to use RCEP because of simplified rules of origin. especially Canned tuna products are more relaxed in terms of origin than other FTAs, allowing the critical fish to be brought in from any country, even outside the party.

Including the validity of members in 15 countries. Entrepreneurs can bring raw materials originating from members to accumulate as raw materials of Thailand. of the agreement as mentioned above. Therefore, entrepreneurs are invited to use RCEP trade privileges by comparing the tax rates that are benefited. Detailed rules of origin and practices related to the Agreement ensure that RCEP proof of origin can be used to reduce import duties at the destination country.