On June 2nd, the Regional Comprehensive Economic Partnership (RCEP) celebrated its first anniversary of full entry into force for 15 signatory countries. In the past year, the world's largest free trade agreement has entered a new stage of comprehensive implementation. Shenzhen Customs has enjoyed tariff reductions for approximately 11 billion yuan of imported and exported goods through RCEP, injecting strong impetus into Shenzhen's foreign trade. On the 1st anniversary of RCEP's full implementation, Shenzhen Customs has enjoyed tariff reductions for approximately 11 billion yuan in import and export goods. The picture shows the busy western port area of Shenzhen Port. Since the RCEP came into effect, Betray New Materials Group Co., Ltd. has exported a total value of 128 million US dollars of positive and negative electrode materials to Japan. Benefiting from the free trade relationship established between China and Japan through RCEP and bilateral tariff reductions, the company's main product tax rate has decreased from the previous highest of 3.2% to 2.3% and will gradually decrease to zero tariff. The overall customs clearance efficiency of the company's products exported to Japan has significantly improved, and the company has truly felt the market advantage brought by the policy dividend. "The reduction of tariffs has led to a decrease in Japanese importers' costs, and we have also established more stable supply relationships with our customers, greatly enhancing the competitiveness of our products in the Japanese market." Li Shoubin from Betray Group stated that under the policy promotion and business guidance of Shenzhen Customs, the company has applied for 435 RCEP certificates of origin for materials exported to Japan, and believes that with its product advantages, it can further expand the Japanese market. On June 2nd last year, Shenzhen Guanxu Electronics Co., Ltd. applied for the issuance of the first national RCEP certificate of origin for exports to the Philippines, marking the full implementation of the RCEP agreement. After a year, the head of the company, Wang Mingyong, presented a beautiful development report. In the first four months of this year, the company's orders increased by 30%, and it is expected that the overseas market will continue to maintain rapid growth this year. (Lai Xin She)