Chinese Clay Split Brick Exports to South Korea Will Be Decrease To Zero Tarrifs
According to CCTV news reports, China and South Korea, China and Australia Free Trade Agreement came into effect from December 20, the first tariff reduction started simultaneously.
① China imports from South Korea will be 44% of the products with zero tariffs, including electronics, chemicals, minerals, etc.
② China imports from Australia will be 85.4% of products with zero tariffs, including chemical products, mineral products, medical devices.
Thanks for China and South Korea Free Trade Agreement, Chinese clay split brick(Terracotta Wall Tile, Terracotta Brick Paver etc.) exports to South Korea will be decrease from 8% zero tarrifs. This is a great news for LOPO Company and our customers. And we believe more zero tarries news on other related products (Such as terracotta panel and louver, artificial culture stone etc.)will come out soon.
At present, China is promoting more of FTA negotiations, including the “Regional Comprehensive Economic Partnership Agreement” (RCEP), China – GCC FTA, China – Norway FTA, Japan and South Korea FTA, China – Sri Lanka FTA and China – Maldives FTA etc. In addition, China is also promoting China – Singapore FTA negotiations upgrade, China – Pakistan Free Trade Area of the second phase of the negotiations and the “cross-strait economic cooperation framework agreement,” the follow-up negotiations.
As China is promoting more of FTA negotiations with more and more countries and Region in the near future, LOPO China is sincerely hope to take this chance to establish a long term and win-win business relationship with our old customers and potential customers.