Since December 20^th, the Free Trade Agreement of Sino-South-Korea and Sino-Macau started coming into effect, the livelihood consuming goods including Foods, Clothes, and Cosmetics would take the lead to gain benefit.

It was learned that since December 20, the made-in-China commodities under 6,108 duty paragraphs and made-in-South-Korea under 1,649 duty paragraphs would be benefited from zero tariff in the Sino-South-Korea FTZ; while the made-in-China commodities under 5,662 duty paragraphs and made-in-Macau under 2,402 duty paragraphs would be benefited from zero tariff in the Sino-Macau FTZ.

On January 1, 2016, both FTAs would start to reduce the tariff again. After a certain period as interim, over 90% of the commodities involved in the Sino-South-Korea and Sino-Macau FTAs would finally benefit from the zero tariffs, including the automotive parts.

“By adjustment, the tarriff of automotive parts trading in Sino-South-Korea FTZ would gradually be eliminated.” said an automotive analyst. Previously, the tariff of automotive parts in Sino-South-Korea was averagely at the level of around 10%. But it should be noticed that the finshed vehicles are not including in the scope of commodities that enjoy the benefit of zero tariff.