China And South Korea Sign Free Trade Agreement, South Korean Brand Clothing Will Reduce Price

Recently, China and South Korea have formally signed a free trade agreement.

This is the most comprehensive and free trade agreement involving China in terms of trade and trade.

After the formal signing of the agreement, the two sides will press ahead with their domestic procedures and strive to take effect at the end of 2015 or early 2016.

According to the regulations, China and Korea will achieve the longest 20 years after the FTA comes into effect.

The products reach 91% of the tax items and 85% of the imports; the zero tariff products of Korea reach 92% of the tax items and 91% of the imports.

Purchasing hot products will be cheaper.

In the Sino Korean FTA, the degree of opening up to South Korean cosmetics is not high. Most of the cosmetics such as perfume, lipstick, eye cream and so on are exceptions, but skin care products, including sunscreen, will be partially reduced.

For Chinese consumers, some household electrical appliances, daily chemicals, Korean special foods, clothing,

Hot products such as Korean shopping or Korean shopping will be cheaper.

Domestic clothing brands have a bigger impact.

After the agreement comes into effect, there will be some domestic problems.

A great impact.

Yesterday afternoon, Qiao Aimin, vice president of Kim Yang Guan group, said that the gradual elimination of tariffs on clothing products would lead to the popularization and popularization of some luxury brand clothes.

He said that some Korean brand clothing prices, compared with domestic brands, the price difference is not large, but bear a tariff of about 50%.

It can be expected that with the gradual cancellation of tariffs, the fall in tariff costs will have a great impact on domestic clothing brands.