China and South Korea free trade area 90% product can realize zero tariff

The ministry of commerce at a routine conference today, introduce 1 - August's business operation. Commerce ministry spokesman Shen Danyang said when a reporter asked,API 5L X65 Steel Pipe China and South Korea free trade area negotiations has made phased achievements. According to have reached a pattern, the two sides agreed to finally realize the liberalization of products should be accounted for 90% of the total commodity tax items, covering 85% of the total amount of imports.

Shen Danyang said, China and South Korea free trade negotiation is divided into model and price negotiations in two stages. Reach a consensus in the pattern negotiations stage,long radius butt weld pipe elbow including goods trade liberalization level, scope of agreement and negotiation principles, framework and content of elements in various fields, etc. According to have reached a pattern, the two sides agreed to, and eventually realize the liberalization of the product should be accounted for 90% of the total commodity tax items, covering 85% of the total amount of imports,carbon steel spiral welded tube and through the concrete price negotiations to achieve mutual benefit and fair result.

Moreover, Shen Danyang pointed out that China and South Korea free trade area pattern negotiations only the achievements of negotiation,4 inch SCH40 Seamless steel pipe to China, Japan and South Korea free trade area negotiations has certain reference significance. However, China and South Korea free trade negotiations with China, Japan and South Korea fta negotiation situation is completely different. Therefore, the negotiation model could not simply copy.