ASEAN-China Free Trade Area
The Protocol between the People's Republic of China and the Association of Southeast Asian Nations on the Revision of the ASEAN-China Comprehensive Economic Cooperation Framework Agreement entered into force in October 2019.
It notably provides for the elimination of tariffs for:
- Monocrystalline silicon rods,
- Rare earth metal ores and other metals,
- Motor cars and other motor vehicles principally designed for the transport of persons.
Rules of origin apply. Goods are counted as originating from each country if
- wholly produced or obtained in the country
- having a regional value content (RVC) over a specific requirement
- meeting specific standards as defined in the Agreement which mainly cover changes in HS codes
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