Date
21 October 2017

China-Iceland FTA to take effect in second half, website says

The free trade agreement between China and Iceland is expected to come into effect in the second half after the two sides complete the formal procedures, the Chinese government portal reported Tuesday, citing sources from the Ministry of Commerce. The FTA negotiations started in December 2006 and the agreement was signed in April 2013. Under the terms of the pact, no tariffs will be applied to nearly 96 percent of goods in terms of tariff number, or nearly 100 percent in terms of trade volume between the two nations, the report said.

– Contact HKEJ at [email protected]

EL/AC/CG

 

 

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