China started the domestic ratification procedures last December, which are going smoothly.

At the same time, related preparatory work is moving ahead steadily in the following areas, among others. First, tariff schedule transposition and preparations for the implementation of the rules of origin are underway to ensure China’s fulfillment of tariff reduction obligations after the agreement becomes effective. Second, related departments have combed through the obligation lists concerned with the agreement to ensure comprehensive implementation of the liberalization measures, rules and obligations of the agreement. Third, training related to the implementation of the agreement will be strengthened. MOFCOM intends to hold a national virtual training session on January 18th and 19th to provide a systematic introduction to the agreement on goods, services, investment, rules, rules of origin, and customs facilitation, in order to help localities, industry intermediaries and companies get familiarized with the rules and explore space for cooperation and development in market competition.

China's ratification and preparations for implementation will be completed within six months. Thank you.