Ministry of Commerce website news, China and South Korea jointly confirmed on the 9th "The Government of the People's Republic of China and the Republic of Korea Government Free Trade Agreement" will be officially effective on December 20, 2015 and the first tax reduction, the second time on January 1, 2016 Tax reduction. On the same day, China and Australia jointly confirmed that the "Free Trade Agreement between the Government of the People's Republic of China and the Australian Government" will come into effect on December 20, 2015 and the first tax reduction, and the second tax reduction on January 1, 2016. The specific rate of tax reduction has been announced on the Ministry’s website.
The Ministry of Commerce stated that the China-Korea-China-Australia FTA is a major event in the development of economic relations between China and South Korea and China and Australia. It will further expand bilateral trade and investment, raise the level of trade facilitation, and increase the predictability of bilateral investment. Sex and transparency promote the free flow of goods, capital, and personnel between China and South Korea and between China and Australia, creating a more convenient, transparent and fair trade and investment environment for the industry.
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