RCEP officially took effect on 1 January 2022, meaning that the world’s largest free trade zone has set sail. It was highlighted at the Bank’s work conference that the Bank should seize the opportunity brought by RCEP and provide RCEP rules-related consulting services in a proactive manner. The Bank’s Fujian Branch took the initiative to introduce such service to its customer. 

Upon learning Fujian Quanzhou Justsun Supply Chain Co., Ltd. became the first exporter under RCEP in Fujian Province, the Branch took prompt action and contacted the company with service plans catered to its demand. The Branch offered  cross-border trade finance service for its export to ASEAN countries under the RECP certificate of origin, which helped the company enjoy both the tariff concessions for RCEP member countries and the convenience in cross-border trade. 

Looking ahead, China Eximbank will continue to deliver financial services to support cross-border finance under RCEP and help foreign trade companies seize the opportunity to expand business, so as to better link the domestic and international markets and resources, and facilitate high-quality economic development.