Financial Express, India
China to begin FTA deals with trading partners from next year
17 December 2005
BEIJING, DEC 16 : China will honour its free trade area (FTA) agreements with its trading partners, levy negotiated tariffs on some Indian goods and will also offer special preferential tariff rates to about 30 least developing countries next year, finance minister Jin Renqing said.
Zero import tariff rates will be applied to ‘early harvest’ products made by the 10 members of the Association of Southeast Asian Nations (Asean) as of 2006 according to the China-Asean free trade area agreement, said Jin, also chairman of the Customs Tariff Commission of the state council, Chinese Cabinet. China will impose negotiated tariff rates on 928 products manufactured in India, South Korea, Pakistan, Bangladesh and Laos according to its commitment upon its signature on the Bangkok agreement, he said.