The China Peru Free Trade Agreement Has Entered Into Force.

From the Shenzhen inspection and Quarantine Bureau, the China Peru free trade agreement came into effect in March 1, 2010. It has been implemented for five years and has entered the "second five year" period.

In accordance with the agreement

The concession arrangement has already achieved zero tariff on the 75.65% tariff items exported to Peru, and 14.35% tariff items will be reduced to zero at the end of the second five years, mainly including textiles, chemical products, mechanical and electrical products, etc.

With China

With the further development of the strategy, the improvement of Peru's trade situation in China and the construction of the "3 x 3" mode of Sino Latin American productivity cooperation, it is predicted that bilateral trade will continue to maintain a good momentum in the "second five years" period. Shenzhen's large equipment will have a good export opportunity.

In this regard, Shenzhen inspection and Quarantine Bureau reminded the relevant enterprises: we should actively apply for regional preferential certificate of origin, seize the current Peru free trade area as the representative of the Latin American region to implement development opportunities, and further use the preferential policies of origin to expand the South American market.

According to introduction,

It is one of the earliest countries in Latin America to establish diplomatic relations with China and reached the first package of free trade agreements with China. Its import product structure has formed strong complementarity with the export product structure of China, especially in Shenzhen.

For a long time, the Shenzhen inspection and Quarantine Bureau has made efforts to improve the utilization ratio and coverage of certificates of origin in the China Peru free trade area through in-depth measures such as popularizing the knowledge of origin, holding joint inspection and inspection, simplifying the business process and so on, so as to help enterprises to exploit the preferential policies of origin to develop the Peru market.

As of February 2016, the Bureau has issued 38382 copies of the certificate of origin of the China Peru Peru secret free trade area, involving a value of US $1 billion 330 million, helping the export enterprises of Shenzhen to obtain a tariff reduction of $100 million, and the annual growth rate of 24.1% and 27.1% for the issuance of certificates and the amount involved in the value of goods.

From the visa data, toy products, furniture products, lighting equipment, household appliances and footwear products in Shenzhen area are at the forefront of Peru's export to Shenzhen port.

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Many Vietnamese footwear and leather goods exporters expect their trade volume to reach US $17 billion this year, up by 13% over the same period last year.

The expected growth also depends on Vietnam's recent free trade agreements with other countries. Vietnam's local trade will pay more attention to the US market. Vietnam's leather shoes and bags association chairman Nguyen Duc Thuan told the media that last year, the United States first replaced the EU as Vietnam's largest trade market for leather goods. Last year Vietnam's sales of leather goods to the US market were nearly 5 billion dollars.

But the EU is still the main market for Vietnamese exporters, because Vietnam's EU exporters can enjoy preferential tariffs on low tariffs even when the trade agreement between Vietnam and the EU comes into effect in 2018. According to the agreement, tariffs will be completely abolished in 7 years.