What's news

Governments and policies

Twin FTAs set to come into effect on Dec 20

South Korea and China have agreed to implement their bilateral free trade agreement and reduce bilateral taxes from Dec 20, the Ministry of Commerce said on Wednesday. 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.