Is the RCEP agreement reached, would you buy a car?

This month, the sky is the publicity of the auto show, so many people have missed a major international news about the car market. That is, after the eight-year hard negotiation, the world’s largest self-trade agreement. – Regional Comprehensive Economic Partnership Agreement (RCEP) officially signed on November 15.

Can someone ask RCEP to have any effect on the car? Will ordinary consumers benefit?

It is understood that RCEP main content covers goods trade, service trade, investment, technical cooperation, personnel flow, e-commerce and data exchange, small and medium-sized enterprise development, RCEP has 15 Member States, including the Trichor 10 and South Korea and South Korea, the total population, economy volume, and total trade account for about 30% of the world

Taking the automobile industry as an example. Since the accession to the World Trade Organization, China’s automotive trade has steadily increased, and has become an important driving force for foreign trade growth, balance foreign trade, and increase fiscal revenue.

China Automotive Industry Association’s latest data show that in September this year, 99,000 vehicles in domestic enterprises have increased by 10.7% year-on-year, and China’s car export layout gradually speeds up and expanded.

In recent years, many car companies and parts suppliers have regarded the vitality and potential of the East Asian regional economy, and “go out” is a larger market. The self-owned vehicle companies represented by the above, the Great Wall Motor, invested in Thailand, and Taiwan-funded Fujikang Mother Honghai Precision Industrial Co., Ltd. has built a new plant in the north of Vietnam.

Since Southeast Asia has a natural distance advantage in geographic location in geographic position, the major manufacturers can purchase a large number of electronic components from China, and then use Southeast Asia. Artificial cost, export to the world in the local area, which is a good trend to my country’s occupation of global cars and parts supply market.

So, RCEPSuccessful signing can further break corporate investment and tariff barriers, promote regional trade, and also benefit extension of regional industrial chains, reduce the cost of enterprises to participate in international industrial chain division.

More regulations for automotive cars are clearly pointed out that China reduces 10% duty on the ASEAN gasoline truck with displacement in 2.5L-4.0L, with a diesel car with more than 2.5L Or the import tariff of the semi-diesel car also reduces 10%.

Therefore, in the macro perspective, reduce the import cost of China Automobile Brand after the tariff, which provides a larger space for vehicle optimization, improve product price advantage and overall competition force. More importantly, this will also promote the export of whole cars and components in my country.

Micro-viewing, and from the perspective of vehicle import, the more intuitive impact is that the Japanese and Korean imported cars will be cheaper. For ordinary consumers, even if they do not buy imported cars, the cost of importing parts of automobiles will also lead to a reduction in car prices, whether they are autonomous or joint ventures, and their prices may also decrease.

In the industry, the insiders believe that the export share of China’s supply advantage, China’s supply advantage is already at a high level, and the RCEP tax rate is gradually promoted, Long-term parents, short-term impacts. In contrast, RCEP’s strategic significance is greater than the promotion of exports.

For China’s auto companies, the RCEP agreement is reached, which is undoubtedly extremely positive. It can provide a good comprehensive guarantee for the shipping of China’s car companies, which is more conducive to the localization of car companies.

Written | Song Yuing ]