Group 1 - The China-ASEAN Free Trade Area is evolving into version 3.0, enhancing economic and trade relations between China and ASEAN, with increasing trade complementarity [1] - Jiangsu province's trade with ASEAN has seen significant growth, with imports and exports reaching 336.56 billion yuan in the first four months of the year, a year-on-year increase of 23.4% [1] - The implementation of the Regional Comprehensive Economic Partnership (RCEP) has facilitated deeper integration of industrial and supply chains within the region [1] Group 2 - Jiangsu Youbaili Life Technology Development Co., Ltd. has successfully exported pet cleaning wipes worth $9,018 to Thailand, benefiting from zero tariff advantages due to the China-ASEAN Free Trade Agreement [2] - The company plans to expand production and introduce more products to the Southeast Asian market, marking a significant step in its international market development [2] - Jiangsu is not only deepening cooperation in traditional sectors like machinery and daily chemicals but is also focusing on emerging fields such as digital and green economies [2] Group 3 - The demand for lightweight and high-performance materials is growing rapidly in the ASEAN region's electric vehicle market [3] - Wuxi Yinbang Metal Composite Materials Co., Ltd. has seen a 66.63% year-on-year increase in product exports to ASEAN countries, with a total value exceeding $9.36 million in the first four months of the year [3] - The company's aluminum thermal transfer materials are particularly advantageous for the electric vehicle sector, offering lighter weight and greater tensile strength compared to traditional materials [3]

这是一场关于开放、合作的对话。 5月24日至25日，"共建高水平最大自由贸易区——2025 RCEP区域发展媒体智库论坛"在海口举 行，与会嘉宾围绕"世界变局下合力共建高水平RCEP""加大RCEP市场开放力度""推动RCEP扩容与更大 范围的区域自由贸易""海南自贸港在推进RCEP进程中的作用"等话题展开深入探讨和交流。 RCEP需要扩容和完善机制 与会嘉宾指出，RCEP自生效以来，已成为亚太地区经济一体化的重要基石，但面对新形势和新挑 战，RCEP需要进一步扩容和完善机制。 "RCEP目前面临'不进则退'的风险，扩容是打破这一僵局的关键。"中国(海南)改革发展研究院院长 迟福林表示，中国香港70%的货物贸易、40%以上的服务贸易和60%的投资都在RCEP地区，香港的加入 将大大提升RCEP的国际影响力。 与会嘉宾共议RCEP区域合作的机遇与挑战 海南自贸港是RCEP区域合作的重要支点 华阳海洋研究中心理事长吴士存也认为，香港的加入对所有成员来说都是共赢的选择。 海南日报全媒体记者 王培琳 香港特区政府特首政策组组长黄元山表示，香港作为自由港、全球金融中心和贸易物流枢纽，其加 入RCEP将有助于促进区域内的 ...

Core Points - RCEP, the world's largest free trade agreement, has been in effect for four years, involving 15 member countries including ASEAN, China, Australia, Japan, South Korea, and New Zealand [1] - The agreement aims to enhance regional economic cooperation through tariff reductions, trade facilitation, and investment opportunities, particularly in response to U.S. tariff policies [1][3] Tariff Reductions - Tariff reduction is a core policy of RCEP, providing market opportunities and cost advantages for businesses [3] - Since the implementation of RCEP, Fujian Province has issued RCEP origin declarations worth over 10.31 billion yuan, ranking first in the country [3] Impact on Daily Life - RCEP significantly influences consumer access to imported goods from member countries, such as fruits and snacks from Thailand, New Zealand, Vietnam, Japan, Malaysia, and South Korea [4] - The implementation of RCEP has streamlined customs processes, allowing perishable goods like fresh flowers to be exported to Singapore within two hours, saving at least 12 hours compared to previous procedures [6][7] Trade Statistics - Over 90% of products within the RCEP region are expected to achieve zero tariffs gradually [7] - In May, the export of fresh-cut flowers from Xiamen Airport to RCEP countries reached 840,000 units, a year-on-year increase of nearly 400% [7] E-commerce Benefits - RCEP has enabled Chinese cross-border e-commerce companies to reduce export costs, with specific products like paper towels seeing a reduction in import tariffs from 10% to 0% in Thailand [9] - A cross-border e-commerce company reported a significant increase in sales from 50,000 yuan to 2 million yuan within a month due to tariff reductions [9] Smart Service Platform - The RCEP Tariff Policy Smart Service Platform was launched to help businesses navigate complex tariff regulations and maximize benefits [10][12] - The platform uses big data and AI to provide businesses with easy access to tariff information and guidance on the best agreements to utilize [12][14] Enhanced Logistics - RCEP has improved logistics efficiency, with new shipping routes established to facilitate trade between China and RCEP member countries [15][17] - Xiamen Port has opened 106 RCEP routes, enhancing its position as a logistics hub in Southeast Asia [17] Economic Significance - RCEP plays a crucial role in maintaining a multilateral trade system and promoting regional economic integration, contributing to over 30% of China's total foreign trade in 2022 and 2023 [18]

报告显示，RCEP正式生效以来，区域内货物贸易规模稳步增长，其中对老挝、柬埔寨、印度尼西亚、 越南、马来西亚等新兴市场的贸易促进效果最为明显。上述东盟成员2024年区域内贸易规模与2021年相 比，分别增长72.4%、22.6%、19.2%、17.4%和12.1%。 （文章来源：中国新闻网） 报告还显示，RCEP所涵盖的区域已成为全球投资活动增长最强劲的区域之一。东盟是RCEP成员中最 大的外商直接投资(FDI)流入地，2023年吸引全球FDI占区域比重达49.2%。 研究可见，RCEP持续促进区域产业链、供应链网络融合发展。RCEP生效实施后，区域内中间品贸易 占贸易总额比重由2021年的65%上升至2024年的68.3%。2024年中国、越南、老挝、印度尼西亚区域内 中间品贸易规模较2021年分别增长5.5%、39.7%、65.6%和20.4%。 中新网海口5月25日电(记者王子谦)25日在海口举办的2025 RCEP区域发展媒体智库论坛发布 《2025RCEP发展报告》显示，《区域全面经济伙伴关系协定》(RCEP)生效实施三年多来，在贸易、投 资、产业链、价值链融合等多方面呈现出促进效应，成为推进区域经 ...

Group 1: Company Value Management - The company emphasizes value management and has implemented various investor communication activities in 2024, including high dividend ratios and assisting major shareholders in increasing their stakes [1] - The company has a commitment to maintain a cash dividend ratio of no less than 40% of the distributable profits for the years 2024-2026 [4] Group 2: Shareholder Engagement and Market Performance - The major shareholder, Guangxi Beibu Gulf International Port Group, has increased its stake by 200 million, reflecting confidence in the company's future [2] - The company denies any malicious actions to suppress stock prices and aims to enhance profitability and core competitiveness [2] Group 3: Business Operations and Future Growth - The establishment of Guangxi Far Sea Land-Sea New Channel Supply Chain Co., Ltd. involves a 60% stake by China COSCO Shipping and a 40% stake by Beibu Gulf Port Group, with the company not participating in this investment [1] - The company expects a significant increase in cargo volume due to the opening of the Pinglu Canal, which will shorten shipping routes and reduce logistics costs [3] Group 4: Strategic Initiatives and Partnerships - The company is collaborating with domestic advanced manufacturers on digital transformation and 5G infrastructure to support the development of a smart port [4] - The ASEAN Summit is anticipated to positively impact the company's business by promoting economic exchanges between China and ASEAN countries [4]

5月25日，在2025RCEP区域发展媒体智库论坛现场，中国(海南)改革发展研究院发布了2025RCEP发展 报告。2024年，RCEP区域内贸易流量总额达到5.70万亿美元，同比回升约2.5%。从区域投资看，2023 年RCEP区域吸引外商直接投资约为4596亿美元，占全球的35%；对外直接投资约为4640亿美元，占全 球的30%，显示了强劲的吸引力。根据IMF测算，到2030年，RCEP区域有望贡献全球约32.7%的经济增 长，成为全球经济的重要增长极，并将重塑全球经济格局。(上证报) ...

Core Viewpoint - The Regional Comprehensive Economic Partnership (RCEP) is at a critical juncture where expansion is essential to avoid stagnation, and enhancing rule standards and utilization is necessary for its effectiveness [1][3]. Group 1: Current Status of RCEP - RCEP is the largest and most potential-rich free trade area globally, officially implemented on January 1, 2022, but has not yet expanded [1][3]. - The current organizational mechanism of RCEP is not well-established, and it has not achieved any expansion since its signing [3]. Group 2: Comparison with CPTPP - RCEP member economies account for approximately 27.5% of global economic output, which is about double that of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) at 14.5% [3]. - If all interested economies join RCEP and CPTPP, the gap in economic scale between the two agreements will significantly narrow [3]. Group 3: Potential Expansions - Hong Kong, Sri Lanka, and Chile have applied to join RCEP, with Hong Kong's inclusion expected to enhance RCEP's international influence significantly [4]. - Chile's potential membership would mark a historic shift, transforming RCEP from a regional to a cross-regional trade arrangement [4]. - Combining RCEP with the Gulf Cooperation Council (GCC) could greatly increase market size and potential [4]. Group 4: Recommendations for Improvement - To address the low utilization of RCEP rules, it is suggested to benchmark against CPTPP and progressively raise the standards of RCEP rules [4].

Core Insights - In the first quarter, Qinzhou Customs issued 1,927 export certificates with a total value of 1.169 billion yuan, representing year-on-year increases of 34.19% and 2.48% respectively [1] - The implementation of the China-ASEAN Free Trade Agreement (CAFTA) has significantly benefited local companies, allowing them to enjoy substantial tariff reductions on exports [3][4] Group 1: Export Certificates and Tariff Benefits - Qinzhou Customs issued 61 CAFTA certificates for Guangxi Jinguijang Paper Industry Co., Ltd., resulting in a tariff reduction of approximately 1.1141 million yuan [3] - The company plans to export 42,000 tons of white cardboard and coated paper to the Philippines and Thailand, leveraging the tariff benefits to expand into the Belt and Road market [3] - Guangxi Yuanda Glass Energy-Saving Technology Co., Ltd. also benefited from CAFTA, with its export tariff to Vietnam reduced from 37.5% to 0%, leading to an export value of approximately 5.7897 million yuan in the first quarter [3] Group 2: Customs Services and Process Improvements - Qinzhou Customs has enhanced its "one-stop" service for origin certification, streamlining the entire process from pre-application to post-issuance [4] - The customs authority has implemented a "policy interpretation + process guidance + issue collection + time-limited resolution" model to improve companies' understanding of policies [4] - The introduction of a smart management model allows for 24/7 review of origin certificates, reducing the time from application to issuance to less than one hour, achieving "zero run, zero contact, zero waiting" for exporters [4]

Group 1 - In the first four months of this year, Jiangsu's import and export to ASEAN reached 336.56 billion yuan, a year-on-year increase of 23.4% [1] - The company Nantong Tiexian Electromechanical Tools Co., Ltd. successfully exported electric tools worth 391,200 yuan to Vietnam, with electric spray guns being ten times more efficient than traditional rollers [1] - The export to ASEAN accounted for approximately 30% of the company's total exports, benefiting from the RCEP and China-ASEAN Free Trade Agreement [1] Group 2 - The demand for lightweight and high-performance materials is increasing in the rapidly developing ASEAN electric vehicle market [2] - Wuxi Yinbang Metal Composite Materials Co., Ltd. reported that its products, which are lighter and have greater tensile strength, have seen exports to ASEAN exceed 9.36 million dollars in the first four months, a year-on-year increase of 66.63% [2] - The company's aluminum thermal transfer materials are particularly advantageous in the electric vehicle sector, enhancing thermal conductivity efficiency [2]

Group 1: Company Performance - In 2024, the company achieved operating revenue of 285,395.75 million yuan, a decrease of 1.73% compared to 290,405.61 million yuan in the previous year [1] - The net profit attributable to shareholders was -12,381.20 million yuan, an improvement of 46.75% from -23,252.91 million yuan in the previous year [1] Group 2: Strategic Initiatives - The company adopted a dual circulation strategy focusing on both external sales and domestic demand to adapt to market changes and the trend of de-globalization [1] - The company is enhancing cooperation with key international clients and accelerating the development of the "Belt and Road" international market [1] Group 3: Manufacturing and Quality Improvement - The company is building a comprehensive manufacturing service capability in Vietnam, which is crucial for the "Belt and Road" initiative and the ASEAN market [1] - The Vietnam factory has achieved several certifications, including SA8000 and ISO17025, and is working on enhancing its mold design and manufacturing capabilities [1] Group 4: Impact of Trade Relations - Approximately 30% of the company's revenue comes from exports to the United States, making it vulnerable to U.S.-China trade tensions [3] - The company has established a production base in Vietnam to mitigate risks from trade disputes and is actively exploring European and other overseas markets [3] Group 5: Smart Home Business Development - The smart home segment operates independently under Zhuhai Edison, focusing on R&D and production of smart control and IoT products [4] - Zhuhai Edison has obtained over 30 patents and multiple international certifications, enhancing its market presence in developed countries [4]