EFTA  has bilateral agreements with the following countries – including dependent territories – and blocs: under the agreement, almost 96% of products are subject to zero tariffs on customs number and almost 100% in terms of trade volume, unlike the CPTPP – the comprehensive and progressive agreement for the Trans-Pacific Partnership – and the EU , and does not force countries to open up services and other threatened sectors of their economies. It is a list of free trade agreements between two parties in which each party could be a country (or another customs territory), a trade bloc or an informal group of countries. Negotiations on the free trade agreement began in August 2006 and both sides completed negotiations in September 2008, during eight rounds of negotiations. The China-Singapore Free Trade Agreement is a comprehensive free trade agreement that includes trade in goods, trade in services, staff flows and customs procedures. Switzerland (which has a customs union with Liechtenstein, which is sometimes contained in agreements) has bilateral agreements with the following countries and blocs: The free trade agreement between China and South Korea officially entered into force on 20 December 2015. Under the agreement, South Korea will eliminate tariffs on 92% of all Chinese products within 20 years of implementation, in exchange for China`s abolition of tariffs on 91% of South Korean products. Chinese Trade Minister Gao Hucheng (l.) shakes hands with his South Korean counterpart, Yoon Sang-jick, after the signing of the agreement on June 1, 2015 in Seoul. [Xinhua] Can China grant the same customs facility of almost 0% to all other non-ASEAN countries? I think import tariffs between ASEAN countries or countries that have a free trade agreement with ASEAN countries are now zero. The statement by the Heads of State and Government states that the agreement demonstrates „our strong commitment to supporting economic recovery, inclusive development, job creation and strengthening regional supply chains, as well as our support for an open, rules-based open trade and investment agreement.” An interactive list of bilateral and multilateral free trade instruments can be find on the TREND Analytics website.  China and New Zealand formally began free trade negotiations in December 2004 and concluded negotiations in December 2007 after 15 rounds of negotiations.
On 7 April 2008, Chinese Prime Minister Wen Jiabao and former New Zealand Prime Minister Helen Clark witnessed the signing in Beijing of the China-New Zealand Free Trade Agreement (FTA), which came into force on 1 October 2008. The agreement is the first comprehensive free trade agreement ever signed by China, as well as China`s first free trade agreement with a developed country. Are you ready for ASEAN 2015? The integration of ASEAN in 2015 and the free trade agreements signed by China with ASEAN and its member states will change the nature of production and exports geared towards production and exports from China and Asia. In this important edition of Asia Briefing, we discuss these developments and the impact they will have on China and the global supply chain. In a joint statement, the countries` heads of state and government said the trade agreement would be a decisive part of their post-pandemic recovery plans that forced countries around the world to block their economies. An Introduction to Tax Treaties Across Asia In this issue of Asia Briefing Magazine, we examine the different types of trade and tax agreements that exist between Asian nations.