First, China - ASEAN Free Trade Area, "Trade in Goods Agreement," July 20, 2005 launched
Chinese government on November 29, 2004 with the signing of the ASEAN China - the ASEAN Free Trade Area (CAFTA) "Trade in Goods Agreement", and "Dispute Settlement Mechanism Agreement" (hereinafter referred to as protocol), the agreement from July 2005, the two sides more than 7000 tariff lines of products to implement tariff reduction, on the origin of products in China and ASEAN each other preferential tariff treatment to achieve a free trade zone tax clearance of goods with each other. This will significantly facilitate trade between China and ASEAN, and bilateral economic and trade relations have a positive and profound impact.
Agreement with China in 2010, Brunei, Indonesia, Malaysia, Philippines, Singapore and Thailand, 6 countries, tariffs on most products will be canceled, and build free trade zone. Cambodia, Laos, Myanmar and Vietnam four new members of ASEAN, will enjoy more than the above-mentioned six countries over 5 years period, 2015 to achieve free trade with China.
Currently Brunei, Malaysia, Myanmar, Singapore has completed a "trade in goods agreement" internal approval process, Indonesia, Thailand will soon complete the agreement approval process. China and these countries, starting from July 20 to give each other preferential tariff treatment; the Philippines, Cambodia, Laos and Vietnam will complete the internal approval process, and grant each other preferential tariff treatment to China.
The two sides are divided into three categories of products
In accordance with the "trade in goods agreement" provides both the product into normal products, sensitive products generally and highly sensitive products.
Normal product is both tariff reduction of products that can include most of the Machine Components:
Sensitive products generally refer to both sides that there are certain difficulties in pre-tax cuts a few products, such as household appliances (air conditioners, washing machines, vacuum cleaners, TVs, lighting equipment, etc.). Some ASEAN countries, the engine will be a small number of engineering machinery, copper winding wire, some tools as general sensitive products; our proposed general-sensitive products: auto parts, road tractors, non-diesel buses, heavy trucks, chassis , oil tankers, container ships, bulk carriers, ro-ro ship, floating docks, etc.;
Highly sensitive products is the need for a longer period to retain higher tariff products. Most ASEAN countries are part of the automobile, motorcycle and key components as highly sensitive products, and retain 50% of the tariff; highly sensitive products made in China: Some digital television sets, diesel buses, cars and light trucks, etc..
The agreement also provides that as long as the party of a certain product requires the inclusion of sensitive products, you can be both sensitive products, the implementation of the same tariff rate.
Third, tariff reduction steps
The agreement, China and Brunei and other ASEAN-6 countries, the normal product tariffs to zero by 2012; generally sensitive products to 20% in 2012, 2018, dropped to 0-5%; highly sensitive products to 50% in 2015.
Cambodia and other countries of the normal product 4 in 2012 to zero in general sensitive products to 20% in 2015, dropped to 0-5% in 2020; highly sensitive products by 2018 to under 50%.
According to the agreement, China and the ASEAN 6 countries in 2005, both products should be 40% of the normal tax rate reduced to 0-5% in 2007, both products should be 60% of the normal tax rate reduced to 0-5%; It also provides: 2005 years to have 40% of the product rate is 0-5% in 2007 to have 60% of the product rate is 0-5%
The current import tariff rate of China's machinery and electronic products is generally higher than ASEAN 6 countries to 2003, for example, imports of machinery and electronic products in China's average tariff rate of 10.23% (according to statistics of China Machinery Industry Federation caliber pieces of machinery basis, the average rate of 8.51% of which 9.29% of hydraulic pneumatic seals, bearing 7.75% 7.43% molds, machinery parts 8.67%), the ASEAN 6 countries, in addition to 10.07% in Malaysia, the other five countries are below 5%. Therefore, tariff reduction required by the ASEAN countries will gradually tariff reduction, wide range of tariff reduction in 2009, but China will have to in the July 20, 2005 start, will face substantial tariff reduction, compared with 2003, 2005 July 20, need to average down about 2 percentage points, to 2009, they would go down about 5 percentage points.
4, seize opportunities to expand exports of Machine Components
ASEAN countries generally lower import tariffs for exports of machinery products in China provides opportunities. In recent years, ASEAN, China's machinery exports increased year by year. According to customs statistics, China Machinery Industry Federation, 2003 Statistical mechanical products, imports and exports with ASEAN amounted to 8.16 billion U.S. dollars, of which exports 4.859 billion U.S. dollars, imports 3.301 billion U.S. dollars, surplus of 1.558 billion U.S. dollars; import and export of 11.575 billion U.S. dollars in 2004 than the previous year (the same below) 41.85%, with exports 6.826 billion U.S. dollars, up 40.48%, imports of 4.749 billion U.S. dollars, up 43.86%, surplus of 2.077 billion U.S. dollars. I am a professional writer from Mp3 Player Manufacturers, which contains a great deal of information about shoeaccessories , long range locators, welcome to visit!
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