China Indonesia Economic and Trade Investment New Opportunities Seminar under RCEP Held in Shanghai

In order to help enterprises in the Yangtze River Delta better understand Indonesia's investment environment and development prospects, and make full use of the RCEP policy to expand new investment and trade opportunities, on March 30, a seminar on new opportunities for China Indonesia trade and investment under RCEP was held in Shanghai, co sponsored by the Shanghai "the Belt and Road" Integrated Service Center and the Indonesian Trade Promotion Center in Shanghai. This seminar was guided by the Shanghai Council for the Promotion of International Trade, the Shanghai International Chamber of Commerce, and the Consulate General of Indonesia in Shanghai, with the support of the Hongkou District People's Government. Yang Dongsheng, Vice President of the Shanghai Council for the Promotion of International Trade, Dai Ning, Consul General of the Indonesian Consulate General in Shanghai, and Chen Shuai, Deputy District Mayor of Hongkou District, attended the event and delivered speeches respectively. Nearly 80 representatives of enterprises and institutions attended the meeting on-site.
Yang Dongsheng stated in his speech that in recent years, the Shanghai Council for the Promotion of International Trade has maintained friendly and cooperative relations with the Indonesian Consulate General in Shanghai, the Indonesian Trade Promotion Center in Shanghai, the China Indonesia Chamber of Commerce, and has jointly held various activities multiple times. Last June, CCPIT Shanghai, together with six foreign business associations in Shanghai, including the China Indonesia Chamber of Commerce, jointly held an online seminar to help foreign enterprises in Shanghai to relieve their difficulties. The Consulate General of Indonesia in Shanghai and the Indonesian Trade Promotion Center in Shanghai also provided strong support for international exhibition and cooperation activities, such as the "the Belt and Road Famous Products Exhibition" held by CCPIT Shanghai. In October of this year, Huamao International Exhibition (Shanghai) Co., Ltd., a subsidiary of the Shanghai Council for the Promotion of International Trade, will also hold the first Indonesia International Emergency Disaster Reduction and Rescue Expo in Jakarta, Indonesia.
CCPIT Shanghai has actively done a good job in the publicity and promotion of RCEP. Its subordinate Shanghai International Arbitration Center and Mediation Center, the the Belt and Road Comprehensive Service Center and the established special class for serving foreign-funded enterprises provide all-round, professional and international services for enterprises to "go global". In the future, CCPIT Shanghai will continue to play a good service "combination fist", become a gold medal "waiter", and continue to contribute to the promotion of trade to accelerate the construction of a new development pattern.
Hongkou District has maintained close cooperation with the Shanghai Council for the Promotion of International Trade and the Shanghai International Chamber of Commerce for a long time, "Chen Shuai said. As early as 2018, during the first China International Import Expo, the Shanghai Council for the Promotion of International Trade, the Cuban National Chamber of Commerce, the Cuban Consulate General in Shanghai, and the Hongkou District Commerce Commission jointly organized the China Cuba Economic and Trade Forum. In June last year, the Shanghai Council for the Promotion of International Trade implemented the decision and deployment of the Shanghai Municipal Party Committee and Government on coordinating epidemic prevention and control as well as economic and social development, and established a special team to serve foreign-funded enterprises. Hongkou District actively responded and arranged for dedicated personnel to coordinate, forming a working force at the urban and municipal levels, leveraging complementary advantages, promoting the resolution of difficult problems, and working together to provide convenient services for foreign-funded enterprises in Hongkou to reflect their demands and alleviate difficulties. It can be said that expanding the 'circle of friends' of investment and trade in Hongkou District, doing a good job in foreign-related economic work, and improving the level of governance services cannot do without the strong support of the Shanghai Council for the Promotion of International Trade and relevant departments. Chen Shuai said that in the future, the Hongkou District government will further strengthen close cooperation with the Shanghai Council for the Promotion of International Trade, identify important driving points for the new round of development in Hongkou, promote resource sharing and complementary advantages, and jointly explore measures to promote trade and investment, Continuously improving its ability to serve economic and social development, we look forward to more Indonesian enterprises coming to China, Shanghai, and Hongkou for investment and development.
The Regional Comprehensive Economic Partnership Agreement (RCEP) entered into force for Indonesia on January 2nd. After its entry into force, both sides will implement zero tariffs on over 60% of products of origin, which will be beneficial for China and Indonesia to continue deepening their economic, trade and investment relations. In the subsequent guest speech and enterprise sharing, Jing Ming, an assistant researcher of the the Belt and Road and Global Governance Institute of Fudan University, said that RCEP was conducive to the upgrading of the overall level of China Indonesia economic and trade cooperation, and bilateral judicial assistance provided a more comprehensive judicial support for bilateral economic and trade cooperation. Representatives from PwC Consulting (Shenzhen) Co., Ltd. have proposed that the path of internationalization transformation for Chinese enterprises in the context of RCEP is gradually shifting towards overseas production and sales. Chinese enterprises that transfer/authorize technology to overseas IP centers, or directly conduct research and development overseas, can enjoy tax incentives specifically designed for the field of intellectual property abroad. If they are within the scope of RCEP, they can also enjoy the preferential tax rate of RCEP. Based on this, planning for the enterprise tariff system can promote the internationalization of enterprises. Huamao International Exhibition (Shanghai) Co., Ltd. and China Indonesia Chamber of Commerce share and exchange ideas on the opportunities and challenges brought by regional economic development in the context of the implementation of RCEP from the perspective of enterprise and institutional development. Article SourceSAKAMITI-https://www.sakamiti.com/1882.html