What is the RCEP Agreement? What is the content of the agreement?

x Are you working in the field of import-export, freight transportation, trade, etc. and need to learn about the RCEP Agreement?
x Do you want to know what the content of the RCEP Agreement is?
What solution is there for Vietnamese businesses when signing RCEP? x Do you want to find a cheap, safe, dedicated import-export unit of goods by rail container?

Proship.vn are one of the units specializing in business in the transportation, logistics, import and export of goods by rail and sea containers,... reputable, best priced, safest, most professional. with the effective application of the RCEP Agreement. Through this sharing article, Proship also updates necessary information about the RCEP Agreement and effective solutions for businesses in the Vietnamese market today.

Shipping contact hotline: 

Ms Tien: 0909 986 247
Ms Dung: 0939 999 247
Ms Duy: 0902 581 247

What is the RCEP Agreement?

The RCEP Agreement is a free trade agreement between ASEAN member countries and 6 partners that have FTAs ​​with ASEAN, starting negotiations on May 9, 2013. (According to Association of Southeast Asian Nations – ASEAN). RCEP's English name is Regional Comprehensive Economic Partnership, abbreviated as RCEP. RCEP or Regional Comprehensive Economic Partnership.

According to this agreement, the specific time in August 2012, accordingly, in the agreement, 16 Economic Ministers of RCEP countries announced the Guidelines for Rules and Negotiation Objectives of the Regional Comprehensive Economic Partnership Agreement. (RCEP), with the participation of 10 ASEAN member countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam), and 06 ASEAN FTA partners (Australia, China). China, India, Japan, Korea, and New Zealand).

The content of the RCEP agreement includes: Trade in goods, trade in services, investment, economic and technical cooperation, intellectual property, competition, dispute resolution, e-commerce, medium and large enterprises. small, and other problems. In addition to implementing the content with the specific negotiation goal of the RCEP agreement, we will achieve an advanced, comprehensive, high-quality economic cooperation agreement that brings benefits to the participating parties. The RCEP negotiation round officially began in early 2013.

What is the RCEP Agreement? What is the content of the agreement?
What is RCEP? This is a Regional Comprehensive Partnership Agreement with the participation of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.

Negotiations for the RCEP Agreement were launched in 2013, and to date there have been 25 official negotiation sessions. During the negotiations in November 2018, Senior Leaders said that the 2018 RCEP negotiations had achieved significant progress, towards the final negotiation phase, the parties continued the negotiation process to End negotiations in 2019 with a progressive, comprehensive, high-quality RCEP Agreement that brings benefits to all participating parties.

In terms of expectations, the RCEP Agreement is expected to have a deeper level of commitment with more significant progress than current ASEAN+ FTAs, while recognizing the different developments of the participating parties. (According to Vietnam Chamber of Commerce and Industry, WTO VCCI Center).

What is the content of the provisions of the RCEP agreement?

The RCEP Agreement has 20 chapters, including areas and principles that have never been included in previous free trade agreements between ASEAN and partner countries. In addition to provisions for trade in goods, services and investment, RCEP includes chapters on intellectual property, e-commerce, competition, Small and Medium Enterprises (SMEs) or Government procurement, which are See the current progressive and updated terms:

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  • The Initial Provisions Chapter affirms that the goal of the RCEP Agreement is to establish a modern, free, comprehensive, high-quality economic partnership framework that brings benefits to all parties to create favorable conditions. for expanding trade and investment in the region and contributing to global economic growth and development.
  • Chapter 2 (Trade in goods) includes specific regulations and commitments on liberalization of trade in goods. In addition to national treatment obligations, fees and surcharges, the removal of quantitative restrictions on imports and exports, goods in transit, etc. is implemented in accordance with the provisions of the WTO General Agreement on Taxation and Trade. (GATT), Chapter 2 regulates the implementation of the tariff liberalization roadmap of the parties attached in Appendix I of the Agreement.
  • Chapter 3 (Rules of Origin) According to the RCEP Agreement's rules of origin, goods are considered originating if they meet one of the following three cases: (i) the goods are wholly obtained in a member country. pellets; (ii) the goods are produced solely from materials originating from one or more member countries; (iii) goods using non-originating materials but meeting the provisions of the Product Specific Rules.
  • Chapter 4 (Customs procedures and trade facilitation) includes regulations on simplification and transparency of customs procedures, harmonizing customs procedures with international standards to ensure predictability. predictability and consistency in the application of customs laws and regulations, while promoting effective management of customs procedures and quick customs clearance of goods, creating favorable conditions for businesses.
  • Chapter 5 (Food hygiene and safety measures and animal and plant quarantine) basically complies with the principles of the WTO SPS Agreement, and clearly identifies the important role of transparency, science in the development and application of SPS measures by the parties, issues of cooperation and capacity building and technical consultation mechanisms to resolve SPS problems to promote trade in agricultural and food products between partners in RCEP.
  • Chapter 7 (Trade remedies) stipulates the application of measures: anti-dumping, anti-subsidy, global safeguard measures, transitional safeguard measures within the scope of RCEP Agreement members applied in transition.
  • Chapter 8 (Trade in services) is built simultaneously according to two approaches: choose-give and choose-drop, depending on countries to choose how to make commitments, with local presence obligations and councils. governance, operational requirements (only applicable to countries using the pick-and-drop method), while still having obligations of most-favored nation treatment and national treatment.
  • Chapter 9 (Movement of Natural Persons) sets out commitments to facilitate the movement and temporary stay of natural persons engaged in trade in goods, services and investment activities, limiting There are two types of natural persons: business visitors and people moving within the enterprise.
  • Chapter 10 (Investment) The RCEP Agreement includes all four elements of an investment agreement, including liberalization, promotion, investment facilitation and investment protection. The Investment Chapter includes commitments on investment treatment, national treatment, most favored nation treatment (MFN), performance requirements (PPR), senior management and board of directors (SMBD), transition money, dispossession…
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What is the RCEP Agreement? What is the content of the agreement?
Content related to regulations, laws, rights and obligations of the parties in the RCEP Agreement must be clearly understood and properly implemented by the participating parties.
  • Chapter 11 (Intellectual Property) includes commitments to harmonize the level of protection and enforcement of intellectual property rights, building on the Agreement's provisions on trade-related aspects of the Agreement. intellectual property rights (TRIPS) WTO
  • Chapter 12 (E-commerce) The e-commerce content in the RCEP Agreement only includes commitments on cooperation, encouraging member countries to improve trade processes and management by creating an environment that promotes the use of use electronic means.
  • Chapter 13 (Competition) includes an obligation to: adopt or maintain laws and regulations that prohibit anti-competitive activities and establish or maintain competent authorities to enforce its competition laws ; recognize each other's sovereign rights in formulating and enforcing their competition laws and policies....
  • Chapter 14 (Small and Medium Enterprises) requires member countries to promote the sharing of information on the RCEP Agreement related to SMEs, including the full text of the Agreement and relevant laws and regulations to trade and investment and other useful business-related information to increase the ability of small and medium enterprises to take advantage of and benefit from the opportunities created by the RCEP Agreement.
  • Chapter 15 (Economic and technical cooperation) Accordingly, countries will explore and implement economic and technical cooperation activities focusing on areas such as trade in goods, trade in services, investment investment, intellectual property, e-commerce, competition, small and medium enterprises and other issues according to agreements between countries.
  • Chapter 16 (Government Procurement) has a much lower level of commitment than the CPTPP and EVFTA Agreements, only including obligations to enhance transparency, cooperation and information exchange between parties on purchasing policies. public procurement and does not include a commitment to open the market. At the same time, the dispute resolution mechanism in the RCEP Agreement does not apply to the Government Procurement Chapter.
  • Chapter 17 (General and Exceptions) provides for general exclusions, security exclusions, and tax measures. The RCEP Agreement allows member countries to apply necessary measures to protect national security, territorial safety, social order and safety, and protect human health, animals, and the environment. , social ethics, ensuring balance of payments,... similar to WTO regulations. Regarding tax measures, the RCEP Agreement does not regulate domestic tax commitments except in accordance with WTO regulations.
  • Chapter 18 (Institutional Provisions) provides for the establishment of the apparatus and institutions to monitor the implementation of the RCEP Agreement, including the RCEP Agreement Implementation Committee, the Committee on Goods; Services and Investment; Growth or Sustainable Development; and Doing Business, and other affiliated agencies established by the RCEP Agreement Implementation Committee. The RCEP Agreement Implementation Committee will report to the RCEP Ministers and may refer matters to the RCEP Ministers for consideration and decision.
  • Chapter 19 (Dispute Resolution) includes provisions to develop a transparent and effective process for consultation and resolution of disputes between members arising during the implementation of the RCEP Agreement.
  • Chapter 20 (Final Provisions) includes provisions on general procedures such as the relationship of the RCEP Agreement with other agreements, accession provisions, review and adjustment mechanisms and entry into force of the Agreement. determined. After signing, countries will have to complete domestic procedures to put the Agreement into effect and must notify other parties.
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Shipping contact hotline: 

Ms Tien: 0909 986 247
Ms Dung: 0939 999 247
Ms Duy: 0902 581 247

Solutions for Vietnamese businesses to take advantage of benefits when the RCEP Agreement is signed

To be able to take advantage of the benefits RCEP brings, Vietnamese businesses need to focus on solutions such as:

  • Firstly, effective coordination between the State and Enterprises is a key condition to take full advantage of the benefits of RCEP to serve the work of building and developing the country in the coming time;
  • Second, businesses need to focus on enhancing competitiveness, overcoming weaknesses in unprofessionalism, unevenness in quality, production process... In particular, focus on investing in technology , develop appropriate strategic products, and take advantage of development cooperation with member countries in RCEP;
  • Third, focus on effectively taking advantage of the benefits of Certificate of Origin (C/O) in exporting goods, especially exporting to demanding markets such as Japan, Korea, Australia, New Zealand and China. National;
  • Fourth, it is necessary to find out information about the benefits and challenges businesses may encounter when participating in the Agreement. At that time, businesses will be more proactive in production and business activities, creating high quality products at reasonable costs that can compete with similar products from countries in RCEP.

>>See more: What is ETA?

Proship.vn accepts import and export of Vietnamese goods to other countries by International Railway, Cheap, Safe, Professional

Vietnam can be one of the countries that receive many benefits from RCEP when it has strong products such as agriculture and fisheries that meet the needs of most members. And currently, the need for individuals and businesses to send goods internationally is very large, leading to the establishment of many international shipping companies. To meet diverse needs from the market, PROSHIP.VN provides Vietnam - International shipping services with economical rates, improving transportation capacity, shortening transit time, increasing convenience for customers. Shippers aim to bring the best quality and most perfect service packages.

Throughout the shipment transportation process, Proship's professional and experienced staff will continuously monitor and update the situation for customers. The unit is committed to working with the highest spirit and responsibility, always putting customer interests first. To serve customers' needs, Proship provides 20-foot Containers, 45-foot Containers, 40-foot hot and cold Containers; 45-foot hot and cold containers... Containers are manufactured using the latest technology, scientifically treated with insulation, and constructed with good materials.

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Proship also supports related Logistics Services such as Entrusted Import-Export Services, Warehousing Services, etc. We always have close connections with related units, complete infrastructure and facilities, Strong and experienced human resources... help the plan to transport goods by International Freight Rail container to take place successfully. Here, the price list for import and export of goods by railway from Ga - Ga is publicly listed and the price given is all-inclusive, without any other fees that make your work difficult.

What is the RCEP Agreement? What is the content of the agreement?
Proship.vn specializes in providing cost-effective solutions for import and export of goods by international rail containers.
What is the RCEP Agreement? What is the content of the agreement?
Images of actual loading of goods onto truck containers ready for transfer to the North-South railway station.

Proship provinces and cities receive goods transferred Vietnam - Internationally

An Giang, Ba Ria - Vung Tau, Bac Giang, Bac Kan, Bac Lieu, Bac Ninh, Ben Tre, Binh Dinh, Binh Duong, Binh Phuoc, Binh Thuan, Ca Mau, Cao Bang, Dak Lak, Dak Nong, Dien Bien , Dong Nai, Dong Thap, Gia Lai, Ha Giang, Ha Nam, Ha Tinh, Hai Duong, Hau Giang, Hoa Binh, Hung Yen, Khanh Hoa, Kien Giang, Kon Tum, Lai Chau, Lam Dong, Lang Son, Laos Cai, Long An, Nam Dinh, Nghe An, Ninh Binh, Ninh Thuan, Phu Tho, Quang Binh, Quang Nam, Quang Ngai, Quang Ninh, Quang Tri, Soc Trang, Son La, Tay Ninh, Thai Binh, Thai Nguyen, Thanh Hoa, Thua Thien Hue, Tien Giang, Tra Vinh, Tuyen Quang, Vinh Long, Vinh Phuc, Yen Bai, Phu Yen, Can Tho, Da Nang, Hai Phong, Hanoi, Ho Chi Minh City.

Proship items accept and do not accept Vietnamese - International import and export

* Goods sent internationally:

  • Household goods: clothes, shoes, pots, pans,...;
  • Electronic goods: televisions, washing machines, watches, computers;
  • Food products, dry foods: rice, fruit cakes, dried foods, dried shrimp, dried squid, rice paper...;
  • Study abroad documents, housing documents, personal documents, settlement documents,... going to Europe;
  • Cosmetic products: shower gel, shampoo, lotion, facial cleanser, etc.;
  • Handicrafts: ceramics, porcelain, glass, wood, stone, plaster,...

* Goods not accepted to be sent internationally:

  • Smelly foods: fish sauce, durian,...;
  • Raw foods: chicken, duck, pork, beef,...;
  • Foods that are dried but come from terrestrial animals can be sent as dried fish but cannot be sent as dried beef, dried chicken, dried deer, etc.;
  • Other items such as cigarettes, medicine, guns, knives, swords, pets, etc.

How to receive and deliver Vietnamese goods internationally

  • Transporting goods by Container from Station to Station;
  • Transporting Containers from Station to Warehouse;
  • Transporting Container goods from Warehouse to Warehouse;
  • Other accompanying services if requested by the customer.

Transportation support services included

  • Support packaging and packaging;
  • Free storage (if storage time is not too long);
  • Support loading and unloading goods at the warehouse.

Proship's process of sending goods internationally from Hanoi, Ho Chi Minh City, and Da Nang

  • Step 1: Proship receives requests from customers who need to ship goods internationally from Da Nang/HCMC/Hanoi, contact 0909 344 247 ;
  • Step 2: After receiving the transportation request, staff will conduct a survey and estimate service costs for customers. If you find that the cost of the International Freight Transport Service is reasonably competitive, please report it to the unit and provide all necessary information (type of goods, quantity, volume, delivery location). ,…);
  • Step 3: At the requested time, unit staff and a specialized container truck will arrive at the customer's requested address to receive the goods. The goods are then transported by rail to the receiving address at the train station of the country;
  • Step 4: Proship makes door-to-door delivery to the recipient. The recipient needs to check the source of goods in the newly exported Container, make payment and end the contract.

*** PROSHIP is receiving the trust of hundreds of customers, domestic and international businesses. We will constantly improve the quality of International Rail Freight Services for the satisfaction of our customers.

Proship has updated the knowledge you need to know about what the RCEP Agreement is , content related to RCEP as well as effective solutions for Vietnamese businesses to take advantage of the benefits of signing the RCEP Agreement. Readers interested in learning about this issue should refer to it to be proactive in activities related to import and export of goods. Please continue to follow and accompany us to update useful information, not only what RCEP is but also other basic knowledge about Transportation, Logistics, import and export of goods,...

Shipping contact hotline: 

Ms Tien: 0909 986 247
Ms Dung: 0939 999 247
Ms Duy: 0902 581 247

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