2015-03-10 15:27

 

China South Korea free trade agreement will be formally signed into nine or more products to zero tariffs

 

CNDSN March 10th news [] (xinhuanet.com) in March 9th, the Ministry of Commerce spokesman, director of the Policy Research Office Shen Danyang disclosed, China South Korea free trade agreement will be formally signed, signed a implementation, many South Korean products prices will drop substantially. He mentioned in particular the South Korean cosmetics, said many people buy cosmetics to South Korea, China and South Korea to implement the free trade agreement, the prices of these products will also be greatly reduced, China consumers not packages from South Korea to China back the.

Is expected to zero tariff nine into above products

In fact, it has been leaked early last month in the Ministry of Commerce, China and South Korea South Korea free trade agreement initialled the complete all text, content of agreement confirmed. Is expected to officially implemented needed for some time, but should years will be able to implement.

Reportedly, China South Korea FTA negotiations started in 2012 May, is China's largest so far involve country trade volume, scope of the most comprehensive free trade agreement. According to the agreement, after the transition period of a maximum of 20 years, China zero tariff products will reach heading 91%, imports 85%, South Korea zero tariff products will reach heading 92%, imports 91%. It is understood, at present South Korea on Chinese in cosmetic, automotive, medical equipment and even Korean in areas such as export amount is larger, if the tariff reduction, the future of these Korean products in Chinese sales price will certainly cheaper.

South Korean cosmetics prices may not as much as you think

The implementation of "China and South Korea free trade agreement, the South Korean products to China sales prices will be reduced, but not actually and South Korea local sales price level, also will not have the sea Tao so cheap. In other words, really realize the zero tariff, South Korean cosmetics price drop should not imagined so much." A engaged in foreign trade business enterprise of China and Korea who told Beijing Youth Daily reporter, at present our country on imported goods collection tax including tariff, value-added tax and consumption tax, the tariff is just one of the. For cosmetics tariff according to the different countries have different, first of all, according to the lips, eyes with cosmetics, cosmetic finger (toe) nail cosmetics, other endangered plant components containing cosmetics or cosmetics, other cosmetics or cosmetics, the application of cosmetics or cosmetic use powder puffs and beat tariff classification were collected 130% to 150%, but for the most favored nation agreement signed with the state, the import tariff of these products is only 6.5% to 18%. And between Korea and Chinese is currently enjoying preferential tariff. But the official, even so, does not mean that the real implementation of zero tariff South Korean cosmetics prices will reduce 6.5% to 18%, because the calculation in the calculation of the consumption tax and value-added tax also relates to the tariff price, so the reduction of tariffs will lead to the consumption tax and value added tax valuation changes to the appropriate amount of reduce. The person is expected, after the implementation of free trade agreement, South Korean cosmetics price decreases about 20% more realistic.

Remind: the quality of the product a lot of Korea

Although many people are keen on the South Korean cosmetics and clothing and other fashion products, but need to remind is, some quality problems of South Korean products should not be underestimated, in the relevant departments of our country imports of South Korean products repeatedly checks, "black list" is not in the minority. Last week, the State Quality Inspection Administration announced the "2015 January import food and cosmetics unqualified list", the detection of substandard imported food, cosmetics, the 251 batch of 7 batch unqualified cosmetics, which are the South Korean fresh International Company Limited production of the products, the company won the 7 batches of substandard products list, and the reason is the certificate is not complete.

Prior to this, Zhejiang inspection and Quarantine Bureau to conduct supervision and spot check on some of the imported products when sampling a total of 155 batches of imported goods, which is not qualified for the 67 group. And in the 67 batches of unqualified products of South Korean products accounted for the highest proportion, reaching 32.8%, mainly clothing products. Among them, 11 samples of group of "fashion uprising" of South Korean imports of clothing, 100% unqualified, formaldehyde content exceed the standard 1 batches of products, 8 batches of product fiber composition discrepancy exist at the same time, and identifying the content of unqualified situation. The other 5 group from a South Korean women's clothing store clothes are not qualified, which does not match the 1 batch of fiber content and measured, labeled fiber content was measured as 100% cotton, 100% viscose, fraudulent consumer behavior. The price down? *

(original title: China South Korea free trade agreement will be formally signed more than nine products is expected to zero tariff)

Editor: Blue