Illustrative photo (source: asean.org) Jakarta (VNA) – The Regional Comprehensive Economic Partnership Agreement (RCEP) officially came into force in Indonesia on Monday as the country implemented new trade regulations with other FTA members.
So far, on the first day of 2022, RCEP has come into force in 14 of its 15 members, including the 10 member nations of the Association of Southeast Asian Nations (ASEAN) and its five trading partners, namely China, Japan, South Korea, Australia and New Zealand.
ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
The new regulations of Indonesia on the origin of goods and the issuance of origin documents for goods exported from there apply from 2 January in the context of the implementation of this Agreement.
Earlier, Trade Minister Zulkifli Hassan said the new regulations specify the procedures for obtaining certificates of origin for goods exported from the archipelagic country.
This new rule is in line with the RCEP’s commercial commitment, he explained, adding that business sectors would benefit from this measure as the RCEP will make the export of goods in the region smoother./.
NAV