RCEP Regional Capacity Cooperation Projects Are on the track, and China Helps the Coordinated Upgrading of The Industrial Chain

Recently, the RCEP regional capacity cooperation demonstration project promoted by Track China was officially put into operation in Vietnam. The project is a joint venture between Chinese manufacturing companies and local Vietnamese enterprises, focusing on the production of smart home appliances, with a total investment of more than 300 million US dollars, an annual production capacity of 500 units, and products will cover the markets of 10 ASEAN countries. Track China participates in project planning, resource docking and policy coordination throughout the process, helping enterprises enjoy policy dividends such as RCEP tariff reductions and exemptions, rules of origin, etc., and at the same time building a cross-border supply chain collaborative network to achieve regional integration of raw material procurement, parts production, and finished product sales. The commissioning of the project will drive the coordinated development of the upstream and downstream of the industrial chain in the RCEP region and enhance the competitiveness of regional industries.