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Newsletter:
September 2005
China- ASEAN FTA -
The establishment of ASEAN-China FTA (ACFTA) scheduled on 2012 will see
progressive elimination of tariffs and non-tariff barriers. For trade in
goods, the FTA will be realized by 2010 for ASEAN-6 and China and 2015 for
CLMV*.
Duties on all products in the Early Harvest Programme (EHP) will be
eliminated on 2006. Flexibility is accorded for products in the sensitive
List where duties will be eliminated by 2018 for Asean-6 and China, and 2020
for CLMV. For products in the Highly Sensitive List, tariffs will be reduced
to 50% by 2015 for Asean-6 and 2018 for CMLV, after which there will be no
further tariff cut commitments.
For textile and apparel items, there will be gradual phase out of duties
through 2005-2012. Most items will be duty free by 2010 except some made up
articles with 5% duties until 2011.
Full list of
tariff schedule on textile and apparel items
* CLMV = Cambodia, Laos, Myanmar &
Vietnam |