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Pakistan cotton yarn will be zero tariff! - - - - - - Textile information - Textile net - Textile integrated service provider

by:Chengyi     2020-06-27
On April 28, vice commerce minister and deputy representative jian-hua yu international trade negotiations and Pakistan ambassador masood & bull; Khalid signed the 'government of the People's Republic of China and the islamic republic of Pakistan government about the revision & lt; The free trade agreement & gt; The protocol. The protocol in addition to the original market access for goods in the fta and tariff schedules, rules of origin, trade remedy, investment and other content have been updated and revised, also added a chapter customs cooperation. After the protocol takes effect, between each other between the two countries to implement zero tariff products proportion on the number of items will be gradually increased from 35% to 75%. Among them, the Chinese side will take effect for 45% of the items in the agreement immediately after eliminating tariffs, and the tax of 30%, respectively, in 5 years, Items accounted for 15%) And 10 years ( Items accounted for 15%) Tariffs have been phased out. Pakistan also will take effect for 45% of the items in the agreement immediately after eliminating tariffs, and the tax of 30%, respectively (in 7 years Items accounted for 15%) And 15 years ( Items accounted for 15%) Tariffs have been phased out. Pakistan for tariff concession products include cotton, leather, clothing, aquatic products, nuts, etc. China get the tariff concession products include mechanical and electrical, furniture, textiles, phosphate fertilizer, glass products, automobile and motorcycle spare parts, etc.
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