China and Chile Escalation of the Free Trade Agreement
- Release on :2018-1-7
According to reports, China and Chile FTA signed a formal protocol upgrade by the end of 2017, is expected to be implemented in 2018. The two sides on the basis of the FTA liberalization of goods of high level, continue to expand the opening of the market, the overall proportion of zero tariff products will reach about 98%, will become far Chinese goods open the highest free trade agreement. The upgraded version after the entry into force, Chile will immediately cancel the Chinese of home appliances, textile and clothing products 24 tariff, involving China annual exports to Chile about $4 million. Related products from the current import tariffs of 6% direct zero tariff.
It is good news, there are less Trade Barriers between countries. WellDone, Ceramic balls producer, will provide more better quality to clients.