Department of Commerce held a "China-ASEAN free trade area into" thematic briefings, announced that the 2010 China and ASEAN free trade area will be fully completed. To date, both parties have signed the agreement on trade in goods, the agreement on trade in services and the investment agreement.
Department of Commerce officials also announced that from January 1, 2010, China and ASEAN six old members, namely: Brunei, Philippines, Indonesia, Malaysia, Thailand and Singapore, there will be more than 90% of products tariff-free. China on the ASEAN average tariff from current 9.8% drop to 0.1% ASEAN six old members of China's average tariff from current 12.8% drop to 0.6%. ASEAN four new Member, i.e., Viet Nam, Laos, Cambodia and Myanmar, will also be in 2015 achieving 90% zero tariffs. In addition to trade in goods, both services open standards also has further improved, investment policy and environment protection of the legal system, more stable and transparent. As China-ASEAN free trade between the basic implementation, funding, resources, technology and talent flow efficiency of production factors will significantly increase the degree of economic integration between the two sides will reach an unprecedented level.
You can see from the above information, free trade area of the fully completed to both enterprises to bring the rare opportunities that in recent years, China's ceramic enterprises from anti-dumping investigation abroad, to enterprises to bring the heavy losses. Especially for Guangdong Foshan ceramic industry a very dense ceramic production areas, particularly large impact. In recent years, China's ceramic enterprises and Viet Nam, Malaysia and other ASEAN countries closer trade relations, and ceramic technology equipment and glaze are large-scale enterprises to enter the ASEAN countries, the Bank became a very close relationship, against this background, the China-ASEAN free trade area of the fully completed, so that the two sides of tariff reduction from 10% to 0.1 ~ 0.6%, no doubt on the ceramic enterprises investment trade brings huge development space, even rows into integration of free trade investment market. This kind of opportunity, in the shadow of the financial crisis has just vanished, it is very rare.
Since 2007, the ceramic production of ceramic industry, met with local government regulation of iron, investment orientation as an enterprise of one of spots, on the contrary, in Viet Nam, Malaysia and other countries, it has a wealth of ceramic raw materials and human resources, and the cost is relatively cheap. China-ASEAN free trade area of the fully completed, in investment behavior, will significantly optimize the investment environment, provide legal level protection, the exhaustion of the resources increasingly today, on the long-term development of the ceramic industry, was also a rare opportunity.
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