China and South Korea to sign Free-Trade Agreement

World Today

Trade ministers from China and South Korea will sign a Free Trade Agreement in Seoul next week. CCTV’s Hong Lianhao filed this report on how it’s expected to contribute to China’s economic development and enhance its global competitiveness.

China and South Korea to sign Free-Trade Agreement

China and South Korea to sign Free-Trade Agreement

Trade ministers from China and South Korea will sign a Free Trade Agreement in Seoul next week. CCTV's Hong Lianhao filed this report on how it's expected to contribute to China's economic development and enhance its global competitiveness.

Highlights:

  • The free trade agreement between China and South Korea will enable a market with a total population of 1.4 billion and combined GDP of $11 trillion.
  • Experts say the 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.