China First Free Trade Agreement

The 2015 deadline is very important for China, given that these are Vietnamese companies, which have gradually become another production target to China. Given that Vietnamese wages currently amount to about a third of wages in southern China, the production capacity of products that are ultimately destined for the Chinese market is finding its way to Vietnam. Details of the China-ASEAN Free Trade Agreement can be found on our ASEAN briefing site, which also contains regular updates of China`s tax agreements throughout the region. Knowing which products can now be manufactured outside of China and cheaply, but imported into the country duty-free, is a strategic and economic problem for many manufacturers. Foreign producers automatically qualify for the benefits of the ASEAN Treaty by enrolling in an ASEAN nation (such as Vietnam), the qualification requirement being purely geographical. The Free Trade Agreement (FTA) between China and South Korea officially entered into force on December 20, 2015. Under the deal, South Korea will remove tariffs on 92 percent of all Chinese products within 20 years of implementation, in exchange for China removing tariffs on 91 percent of all South Korean products. On 28 April 2009, the Chinese and Peruvian authorities signed the free trade agreement between China and Peru in Beijing. The China-Peru Free Trade Agreement, which entered into force on January 15, 2010, is the first comprehensive free trade agreement signed by China with a Latin American country. Under the agreement, 37% of Chinese exports to New Zealand and 35% of New Zealand`s exports to China will be exempted by October 2008.

All tariffs on Chinese exports to New Zealand will be eliminated by 2016 and 96% of New Zealand exports to China will be duty-free by 2019. [2] Mutual investment and trade in services are also facilitated. [3] It is very instructive to understand the free trade agreement for foreigners, while the material is only available in Chinese in Chian On April 28, 2009, the Chinese and Peruvian authorities in Beijing signed the free trade agreement between China and Peru, in the presence of Chinese Vice President Xi Jinping and Peruvian Vice President Luis Giampietri Rojas. The China-Peru Free Trade Agreement is the first comprehensive free trade agreement signed by China with a Latin American country. This is a new milestone in bilateral relations.. . . .