China also concluded a free trade agreement with New Zealand in 2009, which will be phased in over a 10-year period for its products. The free trade agreement will eliminate all tariffs on Chinese exports to New Zealand by 2016 and eliminate 96% of Tariffs on New Zealand exports to China by 2019. The agreement will also facilitate reciprocal investment and trade in services. The deal has been very beneficial for kiwis like Fonterra. New Zealand`s fishing industry has also benefited. China`s free trade agreements, and in particular ASEAN, should be part of the new Asian knowledge needed to make informed and sound investment decisions for international leaders when it comes to addressing China. Switzerland (which has a customs union with Liechtenstein, which is sometimes included in the agreements) has bilateral agreements with the following countries and blocs: „R.C.E.P. gives foreign companies more flexibility in navigation between the two giants,” she says. „Lower tariffs within the region increase the value of exploitation in the Asian region, while uniform rules of origin facilitate the withdrawal of production from mainland China while maintaining that access.” The Free Trade Agreement between China and Iceland came into force on 1 July 2014. Iceland is the first developed European country to recognize China as a complete market economy and the first European country to negotiate a free trade agreement with China. Das stressed, however, that India remains interested in deepening trade relations in Southeast Asia. China has tried to enter this void. Nevertheless, it must face India`s ambitions.
India`s relations with China have deteriorated considerably in recent months amid clashes between troops on the mountainous border. Critics of free trade agreements say they tend to encourage companies to relocate manufacturing jobs abroad. So after winning disgruntled rust belt voters in November in Michigan and western Pennsylvania.