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As much as 90 percent of intra-regional trade in goods will be made tariff-free when the agreement is implemented. Policy measures will be swiftly formulated in terms of tariff concessions, simplified customs clearance procedures, technical preparations for rules of origin and harmonization and the mutual recognition of product standards. Customs clearance within six hours will be made possible for express delivery and perishable goods.

As it stands, 84 percent of tariffs that apply to Singapore exports are exempted. All duties will be eliminated by November 2024, said a joint ministerial statement by Singapore and the UK.

As of midnight local time, the number of infected patients totaled 6,284 in South Korea, up 518 from 24 hours before. Seven more deaths were reported, lifting the death toll to 43.

As many as 1,680 different imported cosmetic products have benefited from the new registration policy launched by the Shanghai Pudong New Area. [Photo by He Na/chinadaily.com.cn]

As important and influential countries in Asia, as well as the world, China and the ROK share broad consensus in advancing bilateral ties, promoting regional peace, stability and prosperity, and safeguarding multilateralism and the free trade regime, he said.