China cooperate more closely with ASAEN in foreign trade

Since January 1, 2010, China has achieve taxing zero tariff on most goods trade to 6 nations of ASAEN (Association of Southeast Asian Nations) as Brunei Darussalam, Indonesia, Malaysia, Philippines, Singapore and Thailand. It’s a good situation to Chinese chemical products zinc sulphate monohydrate exportation with no doubt. Moreover, as to sensitive products, tariffs are cut to less than 20% this year.

With the popularization of preferential measures grows, by 2015, China and four other countries (Vietnam, Cambodia, Laos, Myanmar) of ASAEN will possibly achieve zero tariff; For general sensitive products, China and ASAEN members are expected to cut less than 5% tariff o by January 1, 2018, while non-ASAEN should not be late than January 1, 2015 with 5% tariffs reduction and 5% by January 1, 2020.

With preferential tariff policy pushed on, it’s surely that China-ASAEN free trade zone will take on the changing development in the future. Of course, economic construction, mutual benefit and win-win results need more industrial actively cooperation both two parties on zinc sulphate industry monohydrate and other industries.