Customs Duties (Goods Under the Early Harvest Programme) (Framework Agreement on Comprehensive Economics Co-operation Between ASEAN and CHINA) Order 2019

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ISBN: 9789677014447

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All amendments up to 1 August 2019

Published and Printed in November 2019

There are no amendments between the date book was published and printed

Customs Duties (Goods Under the Early Harvest Programme) (Framework Agreement on Comprehensive Economics Co-operation Between ASEAN and CHINA) Order 2019

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ASEAN CHINA FTA, which comprise China, Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. ASEAN CHINA FTA is the worlds third largest free trade zone, the most populous free trade area. China and Malaysia agreed to elevate bilateral ties to a "comprehensive strategic partnership", aiming to boost military cooperation and nearly triple two-way trade to $160 billion by 2017. China is already Malaysia's largest trading partner, with two-way trade last year totaling 181 billion ringgit ($57 billion). Trade between the two countries, which rose at an average annual of 15.7 percent between 2002 and 2012, is expected to hit $70 billion by the end of this year. Chinese Premier Li Keqiang vowed to "plant more flowers, no thorns" with the Association of Southeast Asian Nations (ASEAN), and it appears trade is set to bloom between the two sides. In the coming eight years, China will import a total of 3 trillion US dollars' worth of goods from ASEAN members and invest more than 100 billion US dollars in ASEAN countries. Though more than 90 percent of the goods from both sides enjoy zero tariffs, there is still space to cut the ratio of "sensitive" goods, namely goods with tariffs Over the past decade, trade between China and ASEAN has boomed. From 2002 to 2012, China-ASEAN bilateral trade climbed 23.6 percent annually to its current 400 billion US dollars. Mutual investment added up to over 100 billion dollars by the end 2012, according to official figures. China now is the largest trade partner for ASEAN, and ASEAN is the third-largest trade partner for China.

There are many reasons to buy this book

1. You need to look for new market.
2. Introducing new products to the market.
3. If product produced in China seems attractive/useful to entrepreneurs in Malaysia, they can import it and introduce it to their potential customer.China manufacture A to Z:- Mobile phone to helicopter.
4. Conduct China market research and identify thousands of products with customs code numbers.

Additional Information

Author Name MDC Publishers & Royal Malaysian Customs Department

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