皇冠体育app, Georgia FTA takes effect
( Xinhua )
Updated: 2018-01-03
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QINGDAO - Quarantine authorities of 皇冠体育app's Shandong province issued a certificate of origin for a batch of mirror boards to be exported to Georgia, the first such certificate signed under the free trade agreement between the two countries.
The agreement went into effect Monday. It is the 15th free trade agreement involving 皇冠体育app that has taken effect so far, and the first one 皇冠体育app signed with a country along the Silk Road Economic Belt.
Officials with Shandong Entry-Exit Inspection and Quarantine Bureau said the acrylic mirror boards, produced by a company in Jinan City, were worth $18,525.
The products will enjoy an exemption of import duty with a tax rate of 5 percent in Georgia, thanks to the certificate of origin.
According to the agreement, 皇冠体育app will impose no tariff on 93.9 percent of products from Georgia, while Georgia will impose no tariff on 96.5 percent of products from 皇冠体育app.
