After review by the Tariff Commission of the State Council and approval by the State Council, China... - South Korea, China - The Australia Free Trade Agreement will... 2015 Year 12 Moon 20 The first step of tax cuts will be implemented today. 2016 Year 1 Moon 1 The second step of tax cuts will be implemented on [date].

　　Negotiations for the China-South Korea Free Trade Agreement are underway. 2012 Year 5 Month of launch. 2014 Year 11 Moon 10 On [date], President Xi Jinping and South Korean President Park Geun-hye jointly confirmed and announced that the China-South Korea Free Trade Agreement had concluded substantive negotiations. 2015 Year 6 In the month, China and South Korea officially signed a free trade agreement. According to the agreement’s tariff reduction plan, with... 2012 Based on annual data, the number of tariff lines for products that China will eventually achieve zero tariffs will reach— 91% , the amount of imports 85% The number of tariff lines for products that South Korea will achieve zero tariffs will ultimately reach... 92% , the amount of imports 91%。2016 Year 1 Moon 1 On that day, the proportion of tariff items subject to zero tariffs by the Chinese side will reach... 20% which mainly includes certain electronic products, chemical products, mineral products, and more; the proportion of tariff lines subject to zero tariffs by the Korean side will reach... 50% which mainly includes certain electromechanical products, steel products, chemical products, and more.

　　Negotiations for the China-Australia Free Trade Agreement are underway. 2005 Year 4 The month officially kicks off. 2014 Year 11 Moon 17 On [date], President Xi Jinping and Australian Prime Minister Abbott jointly confirmed and announced the substantive conclusion of negotiations on the China-Australia Free Trade Agreement. 2015 Year 6 In the month, China and Australia formally signed the Free Trade Agreement. According to the agreement’s tariff reduction schedule, ... 2013 Based on annual data, the number of tariff lines for products that China will eventually achieve zero tariffs will reach— 97% , the amount of imports 95% The Australian side will achieve zero tariffs on all products. 2016 Year 1 Moon 1 On that day, the number of tariff items subject to zero tariffs by the Chinese side reached... 29.2% primarily including pharmaceuticals, medical devices, sheet materials, chemical products, agricultural machinery, and ships; the Australian side will have... 45% The tariff items will immediately achieve zero tariffs upon the entry into force of the agreement. Combined with the goods already subject to zero tariffs, the total number of tariff items at zero rate exceeds... 90%。

　　The implementation of tariff reduction measures under the China-Korea and China-Australia Free Trade Agreements marks a milestone in the history of economic and trade relations between China, Korea, and Australia. These agreements will inject new momentum into expanding bilateral market access for goods trade, broadening economic and trade exchanges between the two countries, and boosting economic growth in each nation. They will also bring new opportunities to industries across the board, foster cross-border integration among industrial chains, and further advance the process of economic integration in the Asia-Pacific region. Moreover, the implementation of these two agreements will enable China to make comprehensive use of both international and domestic markets and resources, further smoothing channels for import and export trade, and promoting the transformation and upgrading of domestic industries as well as enhancing the quality and efficiency of the economy. The general public will also reap tangible benefits from the implementation of these agreements.