Pacific Sixteen States on the reduction of 80% tariff agreement

According to the Vietnamese "Information" website reported: August 24, Minister of Regional Comprehensive Economic Partnership Agreement between the Member States on the reduction of trade 80% over the next 10 years

Import tariff agreement.

It is a member of the regional free trade agreement eventually reached a breakthrough in the process. May 2013, ten countries of ASEAN and China, Japan,

South Korea, Australia, New Zealand, India, the regional comprehensive economic partnership agreement to start negotiations, but has been unable to reach on goods of exchange

To be consistent.

Sixteen Asia-Pacific conference on economic and trade reporters after the Council of Ministers, the Minister of Trade and Industry of Malaysia Mustapha Mohammed said: "I

They solve the biggest problem today is that of exchange in goods agreement, that the magnitude of tariff cuts. I think this is a huge success

Ministers agreed that the agreement came into force, 65% of goods are not tariffs, in the subsequent 10 years, this proportion will be expanded to 80%

Mohammed said: "Over the next few weeks will discuss details of the agreement we now stand at the end of this year basically completed comprehensive regional economic partner.

Relationship agreements with the negotiations.