The RCEP Enterprise Service Consultation Center (Hongqiao), located in Shanghai's bustling Hongqiao International Central Business District, has announced a significant surge in trade volume between enterprises in the region and the member countries of the Regional Comprehensive Economic Partnership (RCEP) over the past two years.

The center revealed that in 2023, the trade volume of enterprises in Hongqiao International CBD reached 17.37 billion yuan ($2.37 billion), marking a noteworthy increase of 22.95 percent compared to 2022. This announcement coincided with the center's second anniversary and the launch of its online platform on July 19.Kanpur Wealth Management

During the first half of 2024, the import and export volume between enterprises in the CBD region and RCEP member countries totaled 10.12 billion yuan, reflecting a substantial year-on-year increase of 30.73 percent, as highlighted by the center.

The consultation center’s newly unveiled online platform is set to further facilitate trade between the two sides. It offers a comprehensive range of services, including tariffs inquiries, rules of origin, and certificates of origin. A new module has been introduced to provide a one-stop service for strategic planning on tariffs, supply chains, and cross-border compliance. Notably, this module assists enterprises in accurately determining whether their products comply with the rules of origin, offering guidance and suggestions on how to effectively utilize policies specific to each country.Jaipur Investment

The online platform features specialized zones tailored for overseas operations, encompassing 10 RCEP countries and 233 overseas investment projects. Another specialized zone has been established to facilitate the integrated development of enterprises in the Yangtze River Delta region.