According to the latest CCPIT research report in the third quarter of 2022

According to the latest CCPIT research report in the third quarter of 2022, the top three new order sources of Chinese foreign trade enterprises were ASEAN, the European Union and the United States, accounting for 30.6%, 30.55% and 25.29%, respectively. This is also the first time that ASEAN has become the largest source market of new orders for foreign trade enterprises.

The economic and trade cooperation between China and ASEAN has continued to deepen this year. The RCEP sets its priorities for trade liberalization and facilitation, and reduces trade barriers through tariff and non-tariff measures.

So far, the RCEP has come into effect on 12 countries, including Brunei, Cambodia, Laos, Singapore, Thailand, Vietnam, China, Japan, New Zealand, Australia, South Korea and Malaysia.

Enterprises can enjoy the tariff preference with the RCEP preferential certificate of origin.