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China and South Korea free trade agreement signed cosmetics port, stocks are expected to benefit

According to CCTV, financial reports, China and South Korea free trade agreement will be signed on June 1, due to come into force before the end of this year. Both China and South Korea free trade agreement took effect, more than 90% of the products after the transition into the era of zero tariff.


It is understood that China and South Korea fta window, this is by far China's foreign signed free-trade agreements involving national biggest trading, is also China has so far been involved in most areas of the fta. China-south Korea fta initialed text chapter 22, covering 17 areas, not only involving trade in goods, but also trade in services and investment.


Agreement covers goods, services, trade and investment rules, a total of 17


On May 26, in the early, the first finance and economics (weibo) daily reported that South Korea's President, park geun-hye is in the state of the day meeting, review and approve the free trade agreement (FTA) in Korea.


Content of the agreement, including to produce the product from the kaesong industrial complex, a total of 310 item qualification for Korea origin, these items can enjoy preferential duty immediately after the china-south Korea FTA takes effect. China will achieve zero tariff products at up to 20 years amounted to 91% of the tax, 85% of the imports, South Korea zero tariff products amounted to 92% of the tax, 91% of the imports. Agreement covers trade in goods, services, trade, investment, and rules, a total of 17 field contains the electronic commerce, competition policy, government procurement, environmental and other \"in the 21st century economic and trade issues.


Hong Kong media, China and South Korea FTA agreement involving environmental, telecommunications, finance, e-commerce, Internet, film and television industry joint venture in tune and government procurement, investment liberalization, etc.


Agreement for the first time in fta negotiations involving the content of the electronic commerce and local cooperation, also is the first time to set up the financial services, telecommunications service separate chapters, the content is in addition to Hong Kong, Macao and Taiwan, China and other countries or regions before signing the fta of all have no.


According to another fiscal disclosure agreement will weihai and incheon free economic zone as a regional economic cooperation demonstration zone and written agreement. This will provide the new area of the south China sea in weihai in China and South Korea free trade area within the framework of the historic opportunity of cooperation to strengthen opening to the outside world, China and South Korea in cross-border e-commerce, tourism, health care, modern logistics, and other fields to try first.


Both China and South Korea bilateral trade reached 300 billion us dollars now. The establishment of china-south Korea fta will greatly boost the bilateral trade, trade experts expect five years will top $400 billion.


Cosmetics, coastal ports, land transport, air transport, stocks are expected to benefit


The signing of the free trade area tends to drive the capital market boom pursuit, several brokerages and media predicted that the china-south Korea FTA agreement signed, to trade, shipping, tourism and other fields between China and South Korea injected strong vitality, cosmetics, coastal ports, land transport, air transport, commercial trade and other industries related stocks are expected to benefit.


CCTV's financial reports, cosmetics sector related company's share price has been rose 50% on average, this is because as the free trade agreement signed and take effect, 6.5% - 6.5% of the south Korean cosmetics import tariffs will be phased out, the final sales price is expected to reduce nearly 20%, investors are very bullish on the competitiveness of the south Korean cosmetics. In addition to the cosmetics sector, tourism, aviation, transportation plate have also been china-south Korea FTA positive stimulus.


Huatai securities advice to focus on the port, shipping, textile and agricultural products such as stocks. The establishment of a specific perspective, China and South Korea free trade area will make the port and shipping industry first to benefit.


The logic is: on the one hand, the free trade agreement took effect, trade scale is expected to rise significantly, at the same time, China and South Korea most of goods trade is given priority to with the shipping, resulting in the port throughput and increase of volume of goods by sea; China and South Korea free trade agreement, on the other hand, large probability will include customs clearance facilitation and quarantine preferential policies, such as negative lists the reciprocal policy will greatly save the time cost of port and shipping. Recommendations focus on the northern area important port operating companies and shipping companies, such as dalian, tianjin, lianyungang port and the bohai sea ferry company, tianjin shipping, cosco, China shipping freight and shipping companies.


China and South Korea in May 2012 launched FTA negotiations, in November 2014, the two heads of state at the end of the Beijing jointly announced the substantive talks, in February 2015, the two countries signed an English version of the preliminary agreement. 25 February this year, China's commerce ministry said in a news release, China and South Korea have both China and South Korea has completed the fta initialled full text, and confirmed the content of the agreement. The south Korean cabinet approved the free trade agreement with China, sign the fta is in China and South Korea after three months.

According to CCTV, financial reports, China and South Korea free trade agreement will be signed on June 1, due to come into force before the end of this year. Both China and South Korea free trade agreement took effect, more than 90% of the products after the transition into the era of zero tariff.


It is understood that China and South Korea fta window, this is by far China's foreign signed free-trade agreements involving national biggest trading, is also China has so far been involved in most areas of the fta. China-south Korea fta initialed text chapter 22, covering 17 areas, not only involving trade in goods, but also trade in services and investment.


Agreement covers goods, services, trade and investment rules, a total of 17


On May 26, in the early, the first finance and economics (weibo) daily reported that South Korea's President, park geun-hye is in the state of the day meeting, review and approve the free trade agreement (FTA) in Korea.


Content of the agreement, including to produce the product from the kaesong industrial complex, a total of 310 item qualification for Korea origin, these items can enjoy preferential duty immediately after the china-south Korea FTA takes effect. China will achieve zero tariff products at up to 20 years amounted to 91% of the tax, 85% of the imports, South Korea zero tariff products amounted to 92% of the tax, 91% of the imports. Agreement covers trade in goods, services, trade, investment, and rules, a total of 17 field contains the electronic commerce, competition policy, government procurement, environmental and other \"in the 21st century economic and trade issues.


Hong Kong media, China and South Korea FTA agreement involving environmental, telecommunications, finance, e-commerce, Internet, film and television industry joint venture in tune and government procurement, investment liberalization, etc.


Agreement for the first time in fta negotiations involving the content of the electronic commerce and local cooperation, also is the first time to set up the financial services, telecommunications service separate chapters, the content is in addition to Hong Kong, Macao and Taiwan, China and other countries or regions before signing the fta of all have no.


According to another fiscal disclosure agreement will weihai and incheon free economic zone as a regional economic cooperation demonstration zone and written agreement. This will provide the new area of the south China sea in weihai in China and South Korea free trade area within the framework of the historic opportunity of cooperation to strengthen opening to the outside world, China and South Korea in cross-border e-commerce, tourism, health care, modern logistics, and other fields to try first.


Both China and South Korea bilateral trade reached 300 billion us dollars now. The establishment of china-south Korea fta will greatly boost the bilateral trade, trade experts expect five years will top $400 billion.


Cosmetics, coastal ports, land transport, air transport, stocks are expected to benefit


The signing of the free trade area tends to drive the capital market boom pursuit, several brokerages and media predicted that the china-south Korea FTA agreement signed, to trade, shipping, tourism and other fields between China and South Korea injected strong vitality, cosmetics, coastal ports, land transport, air transport, commercial trade and other industries related stocks are expected to benefit.


CCTV's financial reports, cosmetics sector related company's share price has been rose 50% on average, this is because as the free trade agreement signed and take effect, 6.5% - 6.5% of the south Korean cosmetics import tariffs will be phased out, the final sales price is expected to reduce nearly 20%, investors are very bullish on the competitiveness of the south Korean cosmetics. In addition to the cosmetics sector, tourism, aviation, transportation plate have also been china-south Korea FTA positive stimulus.


Huatai securities advice to focus on the port, shipping, textile and agricultural products such as stocks. The establishment of a specific perspective, China and South Korea free trade area will make the port and shipping industry first to benefit.


The logic is: on the one hand, the free trade agreement took effect, trade scale is expected to rise significantly, at the same time, China and South Korea most of goods trade is given priority to with the shipping, resulting in the port throughput and increase of volume of goods by sea; China and South Korea free trade agreement, on the other hand, large probability will include customs clearance facilitation and quarantine preferential policies, such as negative lists the reciprocal policy will greatly save the time cost of port and shipping. Recommendations focus on the northern area important port operating companies and shipping companies, such as dalian, tianjin, lianyungang port and the bohai sea ferry company, tianjin shipping, cosco, China shipping freight and shipping companies.


China and South Korea in May 2012 launched FTA negotiations, in November 2014, the two heads of state at the end of the Beijing jointly announced the substantive talks, in February 2015, the two countries signed an English version of the preliminary agreement. 25 February this year, China's commerce ministry said in a news release, China and South Korea have both China and South Korea has completed the fta initialled full text, and confirmed the content of the agreement. The south Korean cabinet approved the free trade agreement with China, sign the fta is in China and South Korea after three months.


 
 
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