Tariffs on over 90 percent of products traded between China and the Association of Southeast Asian Nations (ASEAN) will be lowered to zero starting from January 1, 2010.
This means that except sensitive products, all products traded between China and ASEAN countries will enjoy zero tariff, Antara news agency reported on Mar. 30.
In fact, the average tariff rate between China and ASEAN has already been lowered to 5.8 percent from January 1, 2007, and has been cut further to 2.4 percent from January 1 this year.
By 2010, 93 percent of China's import from ASEAN will enjoy zero tariffs, and ASEAN countries will make similar arrangements./.