The Ministry of Commerce announced that the China-Peru Free Trade Agreement took effect Monday. More than 90% of goods would be tariff free in several phases.

商务部表示，《中国-秘鲁自由贸易协定》于1日起实施，中秘双方将对各自90%以上的产品分阶段实施零关税。

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Under the Central American Free-Trade Agreement, Nicaragua enjoys tariff-free access to the United States.

在中美洲自由贸易协定下，尼加瓜拉喜欢免税接近美国。

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There was just an agreement in the U.S. Congress to cut not only the ethanol tariff, but the ethanol subsidy.

美国国会也就取消乙醇进口关税和取消乙醇补贴达成了协议。

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Meanwhile, the South Asian Preferential Tariff Agreement, which took effect Dec. 8, is expected to boost trade and help hold down prices in products made in the subcontinent.

CNN: BUSINESS FORECAST '96

Section 203 of the Implementation Act sets forth certain rules for determining whether a good is an originating good for the purpose of implementing preferential tariff treatment provided for under the Agreement.

WHITEHOUSE: The White House

What happened was, is a group, a subset of APEC countries came together and said let's see if we can create a high-standard agreement that is dealing with tariffs and non-tariff barriers to trade, but let's also incorporate a whole range of new trade issues that are going to be coming up in the future -- innovation, regulatory convergence, how we're thinking about the Internet and intellectual property.

WHITEHOUSE: President Obama at the APEC Business Summit