In 2002, when CAFTA had just been established, the volume of bilateral trade was $54.8 billion. In 2014, the volume of bilateral trade increased to $480.4 billion, and increased ninefold in 12 years, with annual growth of 20%. But because the legal and tax professions are effectively divided in China, few law firms are familiar with China`s free trade agreements and, as a result, ignore them when they structure foreign investment in the country. This is problematic because the identification and ability to use existing free trade agreements should often be taken into account in the statutes – and be negotiated in advance with customs and tax officers in China. Otherwise, there may be general tax costs that are far from necessary. Some consultants are also known to have deliberately chosen to withhold such data in order to prevent an CPP investor from becoming interested in external markets and losing his client in another country, perhaps better suited to the client`s needs. Many Chinese advisers are simply not aware of the importance of free trade agreements between China and even of the procedure that followed the creation of a Chinese company with local customs authorities, including the intention to invoke the status of the treaty as part of an applicable free trade agreement. If this is not the case with customs registration in China, the company may lose all the contractual benefits to which it is truly entitled. Note: Any customs union, every common market, any economic union, the Customs and Monetary Union and the Economic and Monetary Union are also a free trade area. “It will also show the world that ASEAN, together with ASEAN partners, says no to protectionism and “yes to free trade.” China`s free trade agreements, and in particular ASEAN, should be part of the new Asian knowledge needed to make informed and sound investment decisions for international leaders when it comes to addressing China. Nevertheless, the situation can be recovered – but only by companies qualified to do so, and with an understanding of Chinese rules, both from a legal and fiscal point of view. China has always been a tax game for foreign investors in its creative phase.
We must pay attention to the details so as not to miss the bilaterally negotiated free trade agreements, which can be of great use. Full multilateral agreements (not listed below) see: List of multilateral free trade agreements. On 7 April 2008, Chinese Prime Minister Wen Jiabao and former New Zealand Prime Minister Helen Clark witnessed the signing in Beijing of the China-New Zealand Free Trade Agreement (FTA), which came into force on 1 October 2008. The agreement is the first comprehensive free trade agreement ever signed by China, as well as China`s first free trade agreement with a developed country. For more information or to contact the company, please email firstname.lastname@example.org, see www.dezshira.com or download the company brochure. Switzerland (which has a customs union with Liechtenstein, which is sometimes contained in agreements) has bilateral agreements with the following countries and blocs: With regard to trade in goods, at least 90% of the goods of both parties will not have gradual access to customs on each other`s markets.