China And Costa Rica FTA Expand Textile And Apparel Market

The Ministry of Commerce of China announced on August 1, 2011 that the "mainland China Costa Rica free trade agreement", which was adopted by the two sides in friendly consultation and confirmed in writing, came into force on August 1, 2011, and the tenth FTA reached and implemented on the mainland of China.

Director of the international division of the Ministry of Commerce of China Free trade agreement The coverage area is comprehensive and open to a higher level. In the field of goods trade, from August 1, 2011, China and Costa Rica will move forward together in the "zero tariff era", and more than 60% of the products will be enjoyed immediately. Zero tariff Treatment, and about 30% of the products will enjoy zero tariff treatment in 5 to 15 years.

Through mutual tax cuts, products from both countries will be more competitive in the other market. Chinese mainland enterprises will be able to expand their market share in Costa Rica and the Central American market with the help of the China Columbia free trade agreement, especially the textile materials and products, light industry, machinery, electrical equipment, vegetables, fruits, automobiles, chemicals, raw fur and so on. Leatherwear And many other products will be more competitive when entering the Costa Rican market.

For ordinary consumers, the FTA will enable people to enjoy foreign goods at a lower price. For example, apple juice in mainland China can enter the Costa Rican market in the near future without paying 15% of customs duties, and the import tariffs on coffee in mainland China will be reduced to zero in 10 years.

In the field of service trade, China and Costa Rica have further opened the service market to each other in the FTA and reduced entry restrictions. According to the person in charge, since August 1, 2011, mainland China will be better than the market entry opportunities and national encounter of Costa Rica in WTO's commitment in telecommunications services, business services, construction, real estate, distribution, education, environment, computer and tourism services.