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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?;;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 make concrete efforts to create a favorable atmosphere for the sound and steady development of trilateral coordination.
The ROK foreign ministry said that the country will make efforts to realize a foreign ministers meeting between China, South Korea and Japan.
The three countries are holding negotiations on a trilateral FTA. They are also negotiators for the Regional Comprehensiv
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