FTA with South Korea starts next year中韩自贸区新闻简介.pptxVIP

FTA with South Korea starts next year Questions: 1. What’s a FTA? What kind of role it plays in economics? 2. Do you know any other FTAs in the world? Please name them. 3. Which economies also have FTAs with South Korea except China? China and South Korea launched the FTA negotiations on May 2, 2012. The 14th round of talks was held earlier last month in Beijing. The bilateral free trade agreement between China and South Korea will be effective in the second half of 2015, most of the negotiations on the China-South Korea FTA have been completed. The process is expected to be completed by the end of this year. content China and South Korea have effectively reached a free trade agreement that would remove or sharply reduce trade and investment barriers between two nations. About 17 areas were involved in the negotiations and have been detailed in 22 chapters, including trade remedies改进, customs clearance海关清关, investment transparency, communications and intellectual property rights. Positive China is South Koreas biggest trading partner, largest export destination and import source, and the largest destination of overseas investment. South Korea is Chinas third-largest trading partner. Trade between the two countries reached $274 billion in 2013, a 7 percent year-on-year increase. It would be credit positive for both countries because it would deepen investment flows and provide a boost to GDP. Strong economic and political ties between the two nations could benefit South Korea geopolitically地缘政治学if a stronger relationship withBeijing helped contain Pyongyang‘s hostile敌对 的 policies toward Seoul. China-South Korea FTA will provide the modality as well as the driving force for progress toward a China-Japan-South Korea FTA and a Regional Comprehensive Economic Partnership. When it comes to Japan… The spokesman said China hopes Japan will show sincerity and m