China-ASEAN FTA Upgrading Protocol Takes Effect, Elevator Products Achieve Zero-Tariff Export
Zero-tariff coverage:
① Elevator complete machines: passenger elevators, goods elevators, medical elevators, home elevators, explosion-proof elevators, service elevators;
② Escalators/moving walks: public transport type, commercial type, heavy-duty type;
③ Core components: traction machines, control cabinets, overspeed governors, safety gears, buffers, door operators, steel ropes, guide rails.
Core policy advantages:
first, significant cost reduction, zero tariff directly reduces export cost by 5%-10%, Chinese elevator price competitiveness in ASEAN market increased by 30%, completely surpassing EU and Japanese competitors;
second, simplified market access, ASEAN countries cancel import quotas, technical barriers, additional certification, mutual recognition of Chinese elevator CCC, CE, ISO certification, customs clearance time shortened to 3 days;
third, deepened capacity cooperation, supporting Chinese enterprises to build ASEAN regional production bases, parts centers, maintenance networks in Indonesia, Vietnam, Malaysia, Thailand, enjoying dual benefits of local manufacturing, local sales, tax reduction;
fourth, market scale explosion, ASEAN 10 countries 650 million population, urbanization rate annual growth 3%, elevator demand over 2 million units from 2026 to 2028, Chinese elevators occupy over 70% share with cost performance, delivery capacity, service network;
fifth, service upgrade guarantee, China Elevator Association established ASEAN service centers in Singapore, Bangkok, Jakarta, providing one-stop service of technical support, parts supply, personnel training, emergency rescue.
By March 2026, China-ASEAN elevator export increased by 45% year-on-year, orders scheduled to second half of 2027.