Sino-South Korea free trade agreement was signed so far in China's external covering issues most widely China Luggage & Travel Bags Manufacturers, involving country-specific trade the largest free trade agreement in terms of openness, liberalization of trade in goods between both sides over taxes 90%, trade 85%, true "interests are balanced, comprehensive and high level" overall objectives. Agreements covering trade in goods, trade in services, investment rules and a total of 17 areas, including e-commerce, competition policy, government procurement, environment, "21st century economic and trade issues". China will in the field of electrical and electronic rice cookers, washing machines, refrigerators, medical equipment, home appliance parts, and other products to achieve zero tariffs, in the iron and steel field of cold-rolled steel plate, hot-rolled stainless steel sheet and plate products such as trade liberalization. Korea will phase out tariffs on electric motors, transformers, and in 15 to 20 years to phase out handbags, golf clubs and other daily necessities, which can import tariffs.
The reporter, in a maximum of 20 years, China Korea imported taxable items 91%, 85% products duty-free imports, Korea per cent of tariff lines on imports from China 92%, 91% products duty-free imports. Meanwhile, the two sides also pledged to the signing of the agreement after its entry into force will be based on a negative list mode to continue negotiations on trade in services, and access the front national treatment and the negative list of investment negotiations. According to the Korea foreign policy and Economic Research Institute predicted that within 5 years of the entry into force of the agreement, would boost China's economic growth from 0.4% to 0.6%, Korea economic growth rate is expected to top 1.25%.
Origin of the visa is the main means of implementation of the free trade agreement, before the Sino-Korea free trade agreement took effect, because China and Korea belong to the Member States of the Asia-Pacific trade agreement, from China to Korea of some products which meet the standards of Chinese origin, can rely on inspection and quarantine issued by Asia-Pacific trade agreement certificate of origin to enjoy a certain degree of tariff reduction. 2014, Zhejiang Province export Korea goods amount about 6.21 billion dollars, Korea ranked Zhejiang Province 4th big trade partners, Zhejiang test quarantine Council annual total for area within export Enterprise issued on Korea Asia-Pacific trade agreement of has 22,280 copies, involved textiles, and energy-saving lamp, and shoes class, and valve, and switch, and socket, and outdoor furniture and industrial with dye, variety products, involved goods value amount reached 770 million dollars, to average tariff relief 6% to is, total can for enterprise relief tariff up 50 million dollars.
According to data in 2014, Korea exports preferential certificate of origin visa rate is only 12.4%, origin of the relevant tariff reduction of export enterprises preferential policy utilization is not high. Sino-South Korea free trade agreement came into effect, regardless of the range of products is a benefit or the significant increase in the rate of tariff reduction will, therefore, Zhejiang inspection and Quarantine Bureau of active deployment of Sino-Korean free trade agreement export readiness:
First time organization origin staff seriously learning in the Han free trade agreement about content, Garment Bags Directory study related origin rules, and visa operation program and the Han party on I export products of drop tax arrangements; quickly research developed implementation prepared work programme, preparatory established implementation propaganda group, planning carried out multi-channel, and full of stereo type publicity, using place levels news media, and topic Symposium and training, and and micro-letter, new media full increased in the Han free trade agreement origin offers policy of publicity of breadth and penetration force; That companies pay close attention to implementation processes and acquire the relevant origin criteria, make full use of the China-Korea free trade agreement certificate of origin ready, relying on the good situation of tariff relief reduce export costs in advance adjusted cost structure and market strategy, with Dongfeng to free trade agreements in a timely manner, improve the competitiveness of Korean exports.