1 thought on “The biggest benefits of Chinese tires this year are here”
Jessie
On November 15th, under the witness of the leaders of 15 countries, the Regional Comprehensive Economic Partnership Agreement (RCEP) was officially signed. The "trade group" with the largest population, the largest economic and trade scale, and the most developed potential in the world. The signing of RCEP is that for Chinese tires, it will affect the entire industry chain or the pattern of Chinese tires! In eight years of negotiations, it is hailed as the iconic incident that has not changed in a century, and RCEP is officially signed. In the context of the global "retreat" and trade protectionism, RCEP signed a victory in multilateralism and free trade. It is understood that the agreement was initiated by 10 ASEAN countries and invited six dialogue partners of China, Japan, South Korea, Australia, New Zealand, and India to participate. However, India has retired at a critical moment, which is a place where it is in the United States. The main purpose of Jianqun is to reduce taxes. It is said that more than 90%of the taxation products will be implemented with zero tariffs. In the future, it may increase to 95%of taxpayers to achieve free circulation of goods, services, personnel and capital. The tariffs did not drop to the end at one time, but a 65%tariff after signing an agreement, 80%within 10 years, and then slowly decreased to 90%. It is understood that this tax reduction plan may take more than ten years to fully implement. It to note that China in RCEP is not complete, and Taiwan Province is not included. Therefore, RCEP is also known as the Taiwan Provincial Economic Belt and the Free Trade Zone of Taiwan Province. The agreement has been signed. Next, members of RCEP will perform their respective domestic legal approval procedures and strive to promote the early effective implementation of the agreement. RCEP's impact on the tire industry is the impact of the entire industry chain, or it will affect the development pattern of Chinese tires for a long time in the future. First of all, the natural rubber with zero tariffs may be achieved At present, China is the only country in the world except India that impose tariffs on natural rubber. Why except India? Because India's natural rubber can be self -sufficient, people don't care. but China does not work. China is imported every year, and the import volume is very large. According to statistics, the total number of Chinese rubber imports was 6.576 million tons in 2019. , China is still high tariffs on natural rubber, and the data shows that 20%of the price tax or 1,500 yuan/ton is tax. The signing of RCEP is likely to reduce China or even exempted import tariffs on rubber. The natural rubber, as a strategic material of China, and the main economic crops in Southeast Asia, there is no reason to continue to levy high tariffs. After all, RCEP stipulates that more than 90%of the taxation products will impose zero tariffs. Secondly, the price level of tires will be reduced This is also easy to understand. The rubber tariff is reduced. The cost of tires for rubber as the main raw material will naturally decrease, the cost will be reduced, and the price will naturally decrease. In someone will say that tire companies cannot count the reduced tariff costs in profits. Why do they have to reducing prices and low prices? In fact, it is difficult for low prices to compete in low prices in the context of excess tire capacity and transparent price. The reason is very simple. The market is so big and continuously expand capacity. You do not reduce the price. Naturally, there are tire factories to grab your market. Then it is good for Chinese tire exports It this is estimated that everyone knows that it is now in Europe and the United States to conduct a double anti -tire survey of Chinese tires. Chinese tires are trying to develop markets in other countries and regions. RCEP's signing is a charcoal in the snow for Chinese tire companies. Zero tariffs and free trade Southeast Asian markets are completely open to Chinese tires. With the economic development of Southeast Asian countries and the improvement of people's living standards, this market can be said to be a long -term incremental market. , Chinese tires can also enter three economically developed countries: Japan, South Korea and Australia. There are zero -tariffs, what are you afraid of Chinese tires? In the end, the industrial transfer of Chinese tires will accelerate At present, the factories opened by Chinese tire companies in Southeast Asia have become the most important source of profit. If statistics in the rubber association, the company's formal form is very good, and the four overseas companies that have achieved the total profit of 46%of the 35 companies that reported their profits were 46%. capital is profitable. As the main place of natural rubber in Southeast Asia, the cost of labor is still very low. In addition, Southeast Asian countries also provide tax benefits for companies to invest in factories. one. The signing of RCEP has strengthened this trend. The temptation of zero tariffs can not be alone. "RCEP group" is not only the world's largest economic community, but also the world's largest tire community! The benefit is not just Chinese tires. 15 countries that joined the "RCEP group". Among the tires, there are 34 Chinese tires, 4 Japanese and South Korea. There is also one in Thailand. Most of the tires. In future, natural rubber and tires are likely to implement zero tariffs and new trade rules in these 15 countries, so the new tire production and sales pattern will be born! In the future, we will wait and see! This from the authors of the car home car, does not represent the point of view of the car home.
On November 15th, under the witness of the leaders of 15 countries, the Regional Comprehensive Economic Partnership Agreement (RCEP) was officially signed.
The "trade group" with the largest population, the largest economic and trade scale, and the most developed potential in the world. The signing of RCEP is that for Chinese tires, it will affect the entire industry chain or the pattern of Chinese tires!
In eight years of negotiations, it is hailed as the iconic incident that has not changed in a century, and RCEP is officially signed.
In the context of the global "retreat" and trade protectionism, RCEP signed a victory in multilateralism and free trade.
It is understood that the agreement was initiated by 10 ASEAN countries and invited six dialogue partners of China, Japan, South Korea, Australia, New Zealand, and India to participate. However, India has retired at a critical moment, which is a place where it is in the United States.
The main purpose of Jianqun is to reduce taxes. It is said that more than 90%of the taxation products will be implemented with zero tariffs. In the future, it may increase to 95%of taxpayers to achieve free circulation of goods, services, personnel and capital.
The tariffs did not drop to the end at one time, but a 65%tariff after signing an agreement, 80%within 10 years, and then slowly decreased to 90%. It is understood that this tax reduction plan may take more than ten years to fully implement.
It to note that China in RCEP is not complete, and Taiwan Province is not included. Therefore, RCEP is also known as the Taiwan Provincial Economic Belt and the Free Trade Zone of Taiwan Province.
The agreement has been signed. Next, members of RCEP will perform their respective domestic legal approval procedures and strive to promote the early effective implementation of the agreement.
RCEP's impact on the tire industry is the impact of the entire industry chain, or it will affect the development pattern of Chinese tires for a long time in the future.
First of all, the natural rubber with zero tariffs may be achieved
At present, China is the only country in the world except India that impose tariffs on natural rubber. Why except India? Because India's natural rubber can be self -sufficient, people don't care.
but China does not work. China is imported every year, and the import volume is very large. According to statistics, the total number of Chinese rubber imports was 6.576 million tons in 2019.
, China is still high tariffs on natural rubber, and the data shows that 20%of the price tax or 1,500 yuan/ton is tax.
The signing of RCEP is likely to reduce China or even exempted import tariffs on rubber.
The natural rubber, as a strategic material of China, and the main economic crops in Southeast Asia, there is no reason to continue to levy high tariffs. After all, RCEP stipulates that more than 90%of the taxation products will impose zero tariffs.
Secondly, the price level of tires will be reduced
This is also easy to understand. The rubber tariff is reduced. The cost of tires for rubber as the main raw material will naturally decrease, the cost will be reduced, and the price will naturally decrease.
In someone will say that tire companies cannot count the reduced tariff costs in profits. Why do they have to reducing prices and low prices?
In fact, it is difficult for low prices to compete in low prices in the context of excess tire capacity and transparent price. The reason is very simple. The market is so big and continuously expand capacity. You do not reduce the price. Naturally, there are tire factories to grab your market.
Then it is good for Chinese tire exports
It this is estimated that everyone knows that it is now in Europe and the United States to conduct a double anti -tire survey of Chinese tires. Chinese tires are trying to develop markets in other countries and regions.
RCEP's signing is a charcoal in the snow for Chinese tire companies. Zero tariffs and free trade Southeast Asian markets are completely open to Chinese tires.
With the economic development of Southeast Asian countries and the improvement of people's living standards, this market can be said to be a long -term incremental market.
, Chinese tires can also enter three economically developed countries: Japan, South Korea and Australia. There are zero -tariffs, what are you afraid of Chinese tires?
In the end, the industrial transfer of Chinese tires will accelerate
At present, the factories opened by Chinese tire companies in Southeast Asia have become the most important source of profit.
If statistics in the rubber association, the company's formal form is very good, and the four overseas companies that have achieved the total profit of 46%of the 35 companies that reported their profits were 46%.
capital is profitable. As the main place of natural rubber in Southeast Asia, the cost of labor is still very low. In addition, Southeast Asian countries also provide tax benefits for companies to invest in factories. one.
The signing of RCEP has strengthened this trend. The temptation of zero tariffs can not be alone.
"RCEP group" is not only the world's largest economic community, but also the world's largest tire community!
The benefit is not just Chinese tires. 15 countries that joined the "RCEP group". Among the tires, there are 34 Chinese tires, 4 Japanese and South Korea. There is also one in Thailand. Most of the tires.
In future, natural rubber and tires are likely to implement zero tariffs and new trade rules in these 15 countries, so the new tire production and sales pattern will be born! In the future, we will wait and see!
This from the authors of the car home car, does not represent the point of view of the car home.