Sino- South Korean and Sino-Australian FTAs officially come into effect from December 20.After implementation, both agreements will cause taxes reduced as per the tariff reduction lists. Wherein, under Sino- South Korean FTA, products made in China under 6108 tax codes and those made in South Korean under 1649 tax codes will immediately enjoy zero tariff; and under Sino-Australian FTA, 5662 tax codes and those made in Austria under 2402 tax codes will also immediately enjoy zero tariff.
　　

From January 1, 2016, both agreements will welcome the 2nd step to drop and the tariff will be cut further. After a transitional period, most of the commodities under those two agreements will finally realize zero tariff.