The maximum subsidy is 11 million! The country’s first RCEP cross-border e-commerce special policy is here!

On the morning of March 30, Guangzhou officially released the country’s first RCEP cross-border e-commerce special policy - "Several Measures for Guangzhou to Seize RCEP Opportunities and Promote the Innovative Development of Cross-border E-commerce" (hereinafter referred to as Several Measures), to further promote the construction of China (Guangzhou) Cross-border E-commerce Comprehensive Pilot Zone, seize RCEP opportunities, and accelerate the promotion of innovative development of cross-border e-commerce.

The "Several Measures" has formulated 25 measures in five major areas. The editor will show you the highlights below.

Cross-border e-commerce companies will be given a maximum reward of 11 million yuan if they go public

1. A one-time reward of up to RMB 11 million will be given to newly listed cross-border e-commerce enterprises on domestic and foreign securities markets , and a one-time reward of up to RMB 5 million will be given to cross-border e-commerce enterprises that have been listed on domestic and foreign securities and have their domestic operating headquarters located in Guangzhou or relocated to Guangzhou.

2. Up to 50% of the expenses incurred by cross-border e-commerce enterprises in the process of domestic and overseas listing due to guidance, sponsorship, etc. will be provided, with a maximum of RMB 10 million for a single enterprise.

Encourage the creation of independent brands and provide financial support

1. For cross-border e-commerce enterprises that register their own trademarks overseas, a financial subsidy of no more than 50% of the registration fee will be provided, with a maximum of 200,000 yuan.

2. If the product has passed international certification and has the United Nations standard product and service classification code, a financial subsidy of 50% of the relevant certification service fee will be provided, up to a maximum of 200,000 yuan.

3. Cross-border e-commerce enterprises that sell products under their own overseas brands and have annual sales of US$5 million and US$10 million will be given financial rewards of RMB 500,000 and RMB 1 million respectively after being recognized.

Optimizing the business environment at ports

1. Promote cross-border B2B exports and give priority to inspection of cross-border e-commerce B2B export goods.

2. Cross-border export goods from RCEP countries will be released within 24 hours, and perishable goods will be released within 6 hours.

3. Fully implement paperless declaration of export tax refund (exemption) , and shorten the processing time to within 5 working days.

4. Encourage the use of existing industrial carriers and old industrial areas in each district to build cross-border e-commerce industrial parks.

In addition, the "Several Measures" also provide support for overseas warehouse construction, independent site construction, live streaming, talent training , etc.

RCEP was proposed by ASEAN in 2012. So far, its members include China, Japan, South Korea, Australia, New Zealand and 10 ASEAN countries, a total of 15 parties. On November 15, 2020, the 15 member states formally signed the agreement, and the world's largest free trade zone was born.

Currently, China and Thailand have ratified the RCEP agreement. Other member countries have indicated that they will ratify it before the end of this year, pushing for the RCEP to take effect on January 1, 2022.

In terms of trade, after the agreement comes into effect, more than 90% of the region's trade in goods will be subject to zero tariffs, benefiting businesses and consumers on all sides.

Guangzhou has taken the lead in introducing the first RCEP cross-border e-commerce special policy in the country, which will help the development of cross-border e-commerce sellers and other companies.

E-commerce