Shanxi Huaxiang Group Co became the first exporter in North China's Shanxi province to be able to issue declarations of origin for RCEP.
The foreign trade value of Datong increased 74.9 percent year-on-year to 6.97 billion yuan in 2021, with its growth rate ranking first in Shanxi.
Shanxi issued an RCEP certificate of origin to Shanxi Haogang Heavy Industry Co for its scrapers and press plates of $13,334.5 exported to Australia on Jan 1.
Shanxi recently released its plan for open economic development and opening-up hub construction during the 14th Five-Year Plan period (2021-25).
The foreign trade value of Shanxi increased 58.1 percent year-on-year to 204.14 billion yuan in the past 11 months .
The Shanxi branch of the Export-Import Bank of China has prioritized the expansion of foreign trade credit to serve the development of the open economy in Shanxi.
The booming trade and investment reflects Shanxi's strategy to build itself into an opening-up highland in inland China.