26/10/04 (Dow Jones)--China and ASEAN have agreed to eliminate tariffs onmerchandise goods by 2010 as part of ongoing free-trade agreement talks;Beiking Ministry of Commerce says deal to be signed next month andreductions begin next year. That should further open up China to rawmaterials trade from ASEAN. Trade with ASEAN already accounts for morethan 10% of China's total annual trade volume.