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As far as trade in goods is concerned, at least 90% of the goods of both parties will not have gradual access to customs on the markets of the other party. In terms of services, Costa Rica will open an additional 45 sectors to China, including telecommunications, education and tourism, while China will open seven more service sectors in Costa Rica. Pakistan`s main concern is the improvement of the trade balance of goods and services and the expansion of investment opportunities. In addition, China has established strong trade relations with various bilateral partners and multilateral for a such as the Association of Southeast Asian Nations (ASEAN), which makes the treaty provisions with Pakistan less advantageous. Bilateral trade between China and Sri Lanka is rapidly increasing and 42% of Sri Lanka`s imports came from China for $4.2 billion in 2016. However, Sri Lanka`s exports to China reached only $199 million, a decrease of $293 million in 2015. Through free trade negotiations, Sri Lanka seeks to diversify its export footprint in China; Its main export products are tea, coconut, shoe parts, clothing and rubber tires. The free trade agreement between China and South Korea officially entered into force on December 20, 2015. Under the agreement, South Korea will eliminate tariffs on 92% of all Chinese products within 20 years of implementation, in exchange for China`s abolition of tariffs on 91% of South Korean products. The Free Trade Agreement between China and Switzerland is the first bilateral free trade agreement signed between China and a country on the European continent and one of the world`s top 20 economies. The FTA Toolkit provides a comparative analysis of free trade agreements concluded side by side.

It compares certain chapters of free trade agreements, such as access to the goods market, trade facilitation, trade, public procurement and dispute resolution. For more information or to contact the company, please email china@dezshira.com, see www.dezshira.com or download the company brochure. EFTA [17] has bilateral agreements with the following countries – including dependent regions – and blocks: six rounds of formal talks have taken place between the two countries and preparations for the next round are underway. Sri Lanka is also considering a free trade agreement with India, although no deadline has been set. The 2015 deadline is of paramount importance to China, as it also includes Vietnam, which has gradually become an alternative target for production to China. With Vietnamese wages, which currently earn about a third of wages in southern China, the production capacity of products eventually destined for the Chinese market is increasingly finding its way to Vietnam. Details of the China-ASEAN free trade agreement can be found at our ASEAN briefing site, which also contains regular updates to Chinese tax treaties throughout the region. Knowledge of products that can now be manufactured outside China and manufactured at a lower cost, but imported into the country duty-free, is a strategic and economic issue for many manufacturers. Foreign producers are automatically eligible for the ASEAN treaty by staying in an ASEAN nation (such as Vietnam), the qualification requirement being purely geographical. Please contact our import tariff advice specialists: www.dezshira.com/services/business-intelligence-solutions Under the free trade agreement, about 99.7% of Chinese exports to Switzerland will have zero tariffs and the free share of tariffs on Swiss exports to China will be 84.2%.