Detailed Analysis Of The Two FTA Analysis Of The Establishment Of A Free Trade Area Of Many Good Profits

The two FTA has brought many benefits.

At present, China has signed 14 free trade agreements, of which 12 have been implemented.

A total of 22 countries and regions are involved.

The FTA in China, South Korea and Australia is the FTA which involves the largest volume of trade and the highest level of trade and investment liberalization.

With the entry into force of the above FTA, consumers can buy more affordable imports without going abroad.

The China Australia and China Korea FTA became effective and effective since December 20th.

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The second round of tax reduction will take effect from January 1, 2016.

For the majority of export enterprises, the entry into force of the FTA between China, Korea and Australia means that the goods exported to Korea and Australia will enjoy more tariff preferences and enter the international market at a more competitive price.

At the same time, consumers can buy more import goods from both countries without going abroad.

How to adjust the tariff on the first day of the implementation of the FTA? How to adjust the tariff? With these hot issues, the reporters rushed to the customs clearance site for an interview.

How much is the cost of customs clearance?

December 20th was on Sunday, but Yang Kaijun, deputy general manager of Qingdao Hua Ze international logistics company, arrived at the customs declaration hall in Qingdao early.

For Yang Kaijun, who worked for many years, the cargo that he wanted to declare today is very unusual - the Korean "morning Hai" cargo ship laden with more than 2600 tons of liquid sulfur has stopped at the port of Qingdao near Hong Kong, which is the first batch of imported goods benefited from the Sino Korean FTA agreement.

After the entry into force of the FTA, the volume of business is expected to increase by about 15%.

To this end, we have set up a project team to closely follow South Korea's business and further strengthen business coordination and guidance.

Yang Kaijun said.

Chong Xin Chemical Trading (Shanghai) Co., Ltd. is the owner of liquid sulphur in this ship. The general manager of the company has made an account to reporters. The company imports liquid sulfur products between 300 thousand tons and 400 thousand tons each year. After the trade agreement between China and Korea has come into effect, the liquid sulphur tariff is reduced from 1% to zero. Only this one can save nearly 3 million yuan.

On the same day, the first ticket to enjoy the zero tariff export was a Mini robot with independent intellectual property rights.

The robot development company named "Tong Feng Youdao" was first issued "certificate of origin" issued by the Qingdao branch of China Council for the promotion of international trade (CCPIT). It achieved a zero tariff clearance from Qingdao airport.

After the implementation of the FTA between China and South Korea, the tariff rate of China's original robots entering South Korea dropped from 8% to zero, and only these exported goods reduced taxes and fees by more than 20 thousand yuan.

Dong Shengji, deputy general manager of Tong Feng Youdao, said that the reduction of costs will directly give back to Korean customers, so as to win more market sales for the company.

How to reduce tariffs?

The main content of FTA is tariff concession, and the enforcement means is origin visa.

This means Korean cosmetics, which are popular with consumers.

Such products as Australian dairy products and meat products will gradually reduce tariffs, which will make the purchase more convenient and the price more close to the public.

"There is a misunderstanding here. It does not mean that when the FTA comes into effect, all products are zero tariff.

For example, Korean cosmetics, in addition to sunscreen clear tax cuts, other cosmetics basically no tax reduction.

Qingdao customs Customs Commissioner Wu Xia said.

It is reported that after the implementation of the FTA between China and South Korea, some popular products such as household electrical appliances, daily chemicals, clothing, shoes and caps will gradually reduce taxes in a certain pitional period.

Among them, South Korea produced shampoo, shower gel, etc. in 5 years, part of the tax cut 20% to 35%, toothpaste and other oral cleaning products in 10 years, the abolition of tariffs.

In 10 to 20 years, tariffs dropped from 15% to zero.

After the implementation of the Sino Australian FTA, consumer goods such as beef, mutton, dairy products, wine, lobster and fruit can enjoy more favorable prices.

The beef tax rate will be reduced to zero in 10 years. Dairy products will be subject to duty free entry into China within 4 years. The average duty rate of wine will be reduced to zero from 5 in the next 5 years. The duty of infant formula 15% will be abolished in 4 years.

That is to say, after a certain period of pition, most of the goods will be zero tariff under the two FTA agreements.

Among them, the Sino Korean free trade agreement, the longest period of 20 years after the pition period, South Korea will impose zero tariffs on China's original goods with 92% tax figures. China will impose zero tariffs on the original products of the 91% tax. Under the Sino Australian FTA agreement, Australia will impose zero tariffs on all the Chinese original goods in 5 years. After the longest 15 years of pition, China will impose zero tariffs on Australian origin goods.

What is the opportunity of "Nuggets"?

The upcoming 2015 is a good harvest year for China's FTA strategy.

As an important economic region in the Asia Pacific region, the FTA between China and South Korea has milestone significance, and the Sino Australian FTA will also have a demonstration effect for the development of high level economic and trade arrangements in the Asia Pacific region.

"In view of the huge volume of bilateral trade between China, South Korea and Australia, the preferential trade volume will soon increase after the implementation of the two FTA, taking into account the trade creation and pfer effects of the FTA."

Xu Huiyun, deputy director of the Customs Administration of customs administration, said.

According to the preliminary forecast of the customs, according to the static estimation of bilateral trade volume in the first half of 2015, the first year of the FTA implementation, about 26 billion US dollars of China's export goods and 20 billion US dollars of Korean export goods enjoy preferential tariffs on the other side of the FTA, and about 20 billion US dollars of Chinese export goods and 15 billion US dollars of Australian exports are enjoying tariff preferences on the other side.

Song Yankui, an expert in origin management of the General Administration of customs, believes that the implementation of the FTA can effectively enhance the level of cooperation among all parties in the agreement and create a new situation of mutual benefit and win-win situation.

He said that Australia's exports were mainly resource-based products. China's exports were mainly electronic communications, toys and some labor-intensive products, and the complementarity of product structure was very strong. The FTA not only means lower tariffs and larger common markets, but also more importantly, it will promote closer integration of industrial chains and enhance the competitiveness of enterprises.

"We have made statistics. Korea's exports to China are mainly concentrated in mechanical and electrical, chemical and other products, and our exports to Korea are mainly electrical and chemical products. The products are similar, but we are still at the lower end of the industrial chain."

Wu Xia said that although large-scale imports will have an impact on similar products in China, it will also form a forced mechanism to promote better integration of domestic capital with Korean technology and brands, which is conducive to the pformation and upgrading of industries.