China, Georgia free trade agreement takes effect_China_Asia Pacific Daily

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China, Georgia free trade agreement takes effect

China2018-01-03

The free trade agreement (FTA) between China and Georgia took effect on Monday. It led Quarantine authorities in China's Shandong Province to issue a certificate of origin for a batch of mirror boards to be exported to Georgia. It is the first such certificate signed under the free trade agreement between the two countries. It is the 15th free trade agreement involving China that has taken effect so far, and the first one China signed with a country along the Silk Road Economic Belt. Officials with Shandong Entry-Exit Inspection and Quarantine Bureau said the acrylic mirror boards, produced by a company in Jinan City, were worth 18,525 US dollars. The products will enjoy an exemption of import duty with a tax rate of 5 percent in Georgia, thanks to the certificate of origin. According to the agreement, China will impose no tariff on 93.9 percent of products from Georgia, while Georgia will impose no tariff on 96.5 percent of products from China. (ASIA PACIFIC DAILY)

The free trade agreement (FTA) between China and Georgia took effect on Monday.

It led Quarantine authorities in China's Shandong Province to issue a certificate of origin for a batch of mirror boards to be exported to Georgia.

It is the first such certificate signed under the free trade agreement between the two countries.

It is the 15th free trade agreement involving China that has taken effect so far, and the first one China signed with a country along the Silk Road Economic Belt.

Officials with Shandong Entry-Exit Inspection and Quarantine Bureau said the acrylic mirror boards, produced by a company in Jinan City, were worth 18,525 US dollars.

The products will enjoy an exemption of import duty with a tax rate of 5 percent in Georgia, thanks to the certificate of origin.

According to the agreement, China will impose no tariff on 93.9 percent of products from Georgia, while Georgia will impose no tariff on 96.5 percent of products from China.

(ASIA PACIFIC DAILY)

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