{
    "success": true,
    "data": {
        "id": 1453845,
        "msgid": "china-asean-to-start-cutting-duties-in-2005-1447893297",
        "date": "2004-11-17 00:00:00",
        "title": "China, ASEAN to start cutting duties in 2005",
        "author": null,
        "source": "AP",
        "tags": null,
        "topic": null,
        "summary": "China, ASEAN to start cutting duties in 2005 China and 10 Southeast Asian countries will start cutting import duties next July as part of a plan to form a free-trade zone by 2010, said Thai government spokesman Jakrapob Penkair. China and members of the Association of Southeast Asian Nations, or ASEAN, will sign a trade accord at a meeting in Laos on Nov. 29, Jakropob told reporters after a cabinet meeting in Ubon Ratchathani province, about 600 kilometers northeast of Bangkok.",
        "content": "<p>China, ASEAN to start cutting duties in 2005<\/p>\n<p>China and 10 Southeast Asian countries will start cutting<br>\nimport duties next July as part of a plan to form a free-trade<br>\nzone by 2010, said Thai government spokesman Jakrapob Penkair.<\/p>\n<p>China and members of the Association of Southeast Asian<br>\nNations, or ASEAN, will sign a trade accord at a meeting in Laos<br>\non Nov. 29, Jakropob told reporters after a cabinet meeting in<br>\nUbon Ratchathani province, about 600 kilometers northeast of<br>\nBangkok.<\/p>\n<p>China and ASEAN agreed to boost trade by removing tariffs on<br>\ntwo-way commerce. The free-trade area will be the biggest in the<br>\nworld by population, encompassing 1.7 billion people. The<br>\ncombined gross domestic product of China and the 10 ASEAN members<br>\nis US$2 trillion.<\/p>\n<p>Thai Prime Minister Thaksin Shinawatra and other cabinet<br>\nministers, who met in Ubon Ratchathani today, authorized Commerce<br>\nMinister Wattana Muangsook to sign the accord, said Jakrapob.<br>\nChina and ASEAN originally planed to start cutting duties from<br>\nJan. 1, 2005, according to the Thai commerce ministry's Web site.<\/p>\n<p>The 10 members of ASEAN are Singapore, Malaysia, Indonesia,<br>\nThailand, the Philippines, Brunei, Laos, Vietnam, Myanmar and<br>\nCambodia.<\/p>\n<p>Under the plan, the four newer members of Asean -- Cambodia,<br>\nVietnam, Myanmar and Laos -- will have until 2015 to give Chinese<br>\nproducts duty-free access to their markets.<\/p>\n<p>China and Asean traded $78.2 billion of goods in 2003, up 42.8<br>\npercent from 2002, Xinhua reported. Through the first nine months<br>\nof this year, the two traded $75.4 billion worth of goods, up<br>\n35.6 percent year on year, Xinhua reported. Trade between China<br>\nand Asean may reach $100 billion in 2004, Xinhua said.<\/p>\n<p>Southeast Asian trade ministers have called for eliminating<br>\ntariffs on traded goods with Japan, South Korea, Australia and<br>\nNew Zealand in a bid to expand the region's $430 billion of<br>\nannual exports and $20 billion of inward investment. -- Bloomberg<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/china-asean-to-start-cutting-duties-in-2005-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}