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Songjiang bureau signs the first FTZ certificate of origin to Georgia

    Songjiang Entry-Exit Inspection and Quarantine Bureau signed its first free trade zone certificate of origin (CO) to Georgia on Tuesday.

    The US$35,000 commodity, which was applied by an electronics company in the district, will be entitled to zero tariff upon arrival at the Georgia Customs for clearance.

    The free trade agreement between China and Georgia has officially come into effect starting from the beginning of this year. It's also the first free trade agreement China has signed with Eurasian countries.

    As Georgia is an important stop along the Belt and Road, the agreement will help further open the market in Northern Europe, Central Asia and the Middle East.

    Compared to common CO, the CO from the free trade zone brings deeper tariff cuts in addition to the proof for the origin for production, anti-dumping and anti-subsidy guarantees.

    So far China has established such bilateral free trade agreements with more than 30 countries including Switzerland, Australia, South Korea and Pakistan. CO issuance from the free trade zone has taken up 80 percent of the overall issuance, said a staff with Shanghai Entry-Exit Inspection and Quarantine Bureau.