RCEP enters into force for South Korea on Feb 1
2022-02-07 12:07:25 [Print]
On February 1, the Regional Comprehensive Economic Partnership (RCEP) officially took effect for South Korea
. China will also implement the RCEP tax rate on some imported goods originating from South Korea from February 1 . For example, China will gradually reduce tariffs to zero on textiles and stainless steel made in South Korea, and will implement partial tax cuts on generators and auto parts made in South Korea.