Some South Korean imports of supplies India FTA tariff reduction within 5 years
Date：2021-06-28
According to Qingdao News Network March 18 news that, with the implementation of Australia, South Korea and other free trade agreements in the future the public can buy at the gates of the Castle to a more authentic, cheaper foreign goods. 17 afternoon, Director of International Trade Policy Division of Qingdao Municipal Bureau of Commerce Gao Rui Wu guest Qingdao government network "on-line politics" section, the implementation of national FTA strategy for promoting Internet users concerned about the promotion of local foreign trade and economic development and other topics with the users of the exchange .
Gao Rui Wu introduced that China-ROK free trade area agreement June 1, 2015 formally signed, entered into force on December 20, will launch the first phase of tariff reduction schedule, January 1, 2016 to start the second phase of tariff reduction arrangements.
South Korea Free Trade Agreement, 71 percent of Chinese products will be canceled in 10 years tariffs, covering 66% of China's total imports from South Korea; South Korea 79% of the product will eliminate tariffs within 10 years, covering 77% of Korea's total imports from China . Among them, the most basic products both tariff reduction tariff reduction agreements will be completed in five years.
Gao Rui Wu said that the implementation of the China-ROK FTA will bring Chinese consumers a lot of benefits, including: number of household electrical appliances, household chemicals, Korean specialty food, clothing, shoes and other shopping or travel to Korea Korean Shopping Hot Products will be cheaper. In terms of home appliances, refrigerators, rice cookers, cookers, electric oven, stove, microwave and some massage device, instrument, such beauty would lift the current 15 percent tariff in 10 years.
In terms of daily chemical products, toothpaste and other oral hygiene products will cancel the current 10% tariff in 10 years, bath products and hair care products will also be part of the tariff reduction in five years 20-35%.
Korean specialty food aspect, seaweed tariff will be 10--20 years from the current 15% to zero, pickles current 25% tariff will be canceled within 20 years, in addition, nearly 90% of the cod fish, frozen crabs will in 10 years, the progressive elimination of tariffs. In clothing, footwear regard, many products will be tariff 10--20 years from the current 15% to zero.
Some netizens said that in recent years, Korea purchasing fire, in the future in the country can buy cheap authentic Korean cosmetics do?
Gao Rui Wu explained that the China-ROK FTA, the Korean cosmetics such as perfume, lipstick, eye cream and other product range is the exception, but including sunscreen skin care products, etc., there will be some tax cuts, the tax rate within five years from the current 6.5 % to 5.2%, a decline of 20%.
In addition, China and South Korea FTA includes not only trade in goods, but also trade in services, cosmetic surgery is a kind of trade in services. With the implementation of the agreement, members of the public in the near future in the country can enjoy direct Korean physician shaping services.
For many users to buy fake milk powder issue of concern, Gao Rui Wu believes that with the implementation of the China-Australia FTA, from Australian beef and mutton, dairy products, wine, seafood, fruits and some other consumer goods will enjoy preferential tariff reduction FTA , to bring greater benefits to the general public.
