General tariff reduction to average of 9.4% by 2005 (IT to zero)
Import quota removal by 2005
Full trading and distribution rights to foreign firms within 3 years
Relaxation of ownership restrictions
Restrictions on own provision of services being phased out including Warehousing, Freight Forwarding, Transport, Express Delivery and Air Courier etc
Relaxation of protocol provisions and better services
Leading to an increase in Chinese Global competitiveness and local adoption of World’s Best Practice (eg J.I.T)
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