Twin FTAs set to come into ef­fect on Dec 20

China Daily (Canada) - - BUSINESS -

South Korea and China have agreed to im­ple­ment their bi­lat­eral free trade agree­ment and re­duce bi­lat­eral taxes from Dec 20, theM­i­nistry of Commerce said onWed­nes­day. At the same time, a bi­lat­eral free trade agree­ment be­tween Aus­tralia and China also comes into ef­fect with re­duced taxes on Dec 20. There will be a fur­ther tax re­duc­tion re­lated to both deals on Jan 1, 2016, it said.

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