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China Cuts Tariff Rates to Six ASEAN Nations

China announced Tuesday it will lower the tariff rate imposed on goods from six members of the Association of Southeast Asian Nations (ASEAN) from 9.9 percent on a verage to 8.1 percent as of July 20.

 

The Customs Tariff Commission of the State Council said the negotiated tariff rate of China-ASEAN Free Trade Zone will be applied to six ASEAN nations, including Brunei, Indonesia, Malaysia, Myanmar, Singapore and Thailand.

 

With the imposition of the tariff rate, the tariff rates on 3,408 types of goods from the six nations will be lower than that for most favored nations.

 

The negotiated tariff rate for other types of goods from the six countries will be as same as that for most favored nations in 2005.

 

(Xinhua News Agency July 20, 2005)

 

ASEAN-China Free Trade to Bring Win-win Situation
China, ASEAN Discuss Regional Trade Opportunities
ASEAN and China to Lower Industrial Duties
ASEAN Becomes China's 4th Largest Trade Partner
Regional Economic Integration Benefits All
Interview: China Seeks to Share Common Prosperity with ASEAN
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