Home / News Type Content Tools: Save | Print | E-mail | Most Read | Comment
China-ASEAN Speed-up Tariff Reduction Process
Adjust font size:

The tariff reduction process to facilitate the establishment of the free trade area (FTA) is being moved along swiftly by China and the 10 members of the Association of Southeast Asian Nations (ASEAN), said a senior foreign trade official yesterday in Beijing.

 

China's average tariff on goods from ASEAN countries was cut from 9.9 percent to 8.1 percent last year and will drop to 6.6 percent in 2007, said Yin Zonghua, deputy director with the Department of International Trade and Economic Affairs of the Ministry of Commerce.

 

The average tariff level would continue to drop to 2.4 percent in 2009 and finally in 2010, which is the scheduled point for the establishment of the China-ASEAN FTA, 93 percent of products from ASEAN countries will be tariff-free, according to Yin.

 

Yin revealed the tariff reduction plan at the third China-ASEAN FTA Seminar which was organized by the ASEAN Committee in Beijing and the China-ASEAN Business Council. ASEAN countries have also made similar arrangements, said Yin, citing Thailand as an example.

 

Thailand reduced its average tariff for Chinese products from 12.9 percent to 10.7 percent last year while it plans to further lower it to 2.8 percent in 2009, explained Yin. "The practice shows that tariff reduction has boosted trade remarkably between China and ASEAN," said Yin.

 

Official statistics show that China's trade with ASEAN totaled US$130.4 billion last year with imports valued at US$75 billion and exports at US$55.4 billion.

 

In the first eight months of this year China imported US$56 billion of ASEAN products and exported US$44.9 billion. Total trade with ASEAN this year is expected to surpass US$150 billion, said Yin. Both China and ASEAN would benefit from the tariff reductions and they’d achieve win-win results from the FTA, he noted.

 

China's former Premier Zhu Rongji proposed the establishment of a China-ASEAN FTA in November 2000 and it was approved the following year. In November 2002 the Framework Agreement on China-ASEAN Comprehensive Economic Cooperation was signed by leaders and set the ball rolling on the FTA.

 

By 2010 China will establish FTAs with Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand while Vietnam, Laos, Cambodia and Myanmar will go through a five-year transitional period.?

 

 

In addition to promoting the development of trade in goods, China and ASEAN will also speed up negotiations on service trade and investment so as to construct the FTA in a comprehensive way, according to Yin.

 

Bambang Khaeroni, trade attache with the Indonesia Embassy in China, said that cooperation between China and ASEAN "has been working dynamically." Indonesia had long been involved in regional cooperation initiatives such as ASEAN and the Asia-Pacific Economic Cooperation, said Khaeroni.

 

"These experiences can be useful in promoting strategic cooperation between China and ASEAN through China-Indonesia bilateral cooperation," he noted. He displayed enthusiasm towards promoting the establishment of the FTA.

 

(China Daily October 11, 2006)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- ASEAN+3 Commit to Closer Cooperation
- ASEAN Economic Community Could Be Expected by 2015
- China Ready to Develop Strategic Partnership with ASEAN
- ASEAN Firms Eye China's Northeast Market
- Wen to Attend China-ASEAN Commemorative Summit
- China-ASEAN Pledge Strategic Partnership
- Call for Cooperation of ASEAN plus Three on Poverty Reduction
- Guangxi Doubles Farm Produce Imports from ASEAN Members
Most Viewed >>
- World's longest sea-spanning bridge to open
- Yao out for season with stress fracture in left foot
- 141 seriously polluting products blacklisted
- China starts excavation for world's first 3G nuclear plant
- Irresponsible remarks on Hu Jia case opposed 
- 'The China Riddle'
- China, US agree to step up constructive,cooperative relations
- FIT World Congress: translators on track
- Christianity popular in Tang Dynasty
- Factory fire kills 15, injures 3 in Shenzhen

Product Directory
China Search
Country Search
Hot Buys
主站蜘蛛池模板: 国产精品二区高清在线| 成人免费草草视频| 国产精品国产三级国产a| 久久天天躁狠狠躁夜夜呲| 欧美日韩综合一区| 你是我的城池营垒免费观看完整版| 老子影院午夜伦手机不卡6080| 国产美女久久精品香蕉69| igao在线观看| 孪生兄弟3ph尴尬| 中文字幕在线观看亚洲日韩| 日本护士取精视频xxxxx全部| 亚洲AV无码专区国产乱码电影| 精品丝袜国产自在线拍亚洲 | 久久精品中文字幕第一页| 男女一区二区三区免费| 国产午夜无码片在线观看 | 人人添人人妻人人爽夜欢视AV| 精品一区二区久久久久久久网精| 啊灬啊灬啊灬快灬性| 日本最大色倩网站www| 奇米精品一区二区三区在| 中文字幕一区二区三匹| 日本一卡2卡3卡4卡无卡免费| 久久精品国产99精品国产亚洲性色| 杨乃武与小白菜港版在线| 亚洲制服丝袜在线播放| 真正国产乱子伦高清对白| 卡通动漫第一页综合专区| 网址你懂的在线观看| 古代肉多荤话文高h| 美女扒开内裤羞羞网站| 四虎精品影院在线观看视频 | 黄色一级视频免费| 国产新疆成人a一片在线观看| xxxx日本免费| 国产精品αv在线观看| 性刺激久久久久久久久| 国产精品2019| 久久久久久不卡| 国产成人精品A视频一区|