中韩中澳自贸协议即将生效

The China-South Korea free trade agreement and the FTA between China and Australia will begin to take effect on Sunday the 20th.

About 20 percent of South Korean imports to China will see an immediate removal of tariffs. And over 80 percent of Chinese products will be tariff-free in Australia.

The second round of tariff reduction will come on the first day of 2016. Chinese manufacturers in industries such as machinery, electronics, home appliances, and garments will benefit.