China, ROK wrap up FTA talks
Updated: 2015-02-26 13:58
(Xinhua)
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BEIJING - China and the Republic of Korea (ROK) have initialed their free trade agreement (FTA), the end of FTA negotiations, the Ministry of Commerce (MOC) announced Wednesday in a brief statement on its website.
China and the ROK began FTA talks in May 2012. President Xi Jinping and his ROK counterpart Park Geun-hye confirmed in Beijing last November a substantive conclusion in negotiations.
The agreement will cover 17 areas, including trade in goods and services, investment and trade rules, and topics such as e-commerce and government procurement.
The MOC said in November last year that the agreement will be signed in 2015 and take effect in the second half of the year.
- FTA with S. Korea one step nearer completion
- S. Korea to take FTA with China as new growth engine
- Australia to sign FTA with China this year
- FTA to reshape Sino-Korea relations
- China-ROK FTA to enhance market connectivity
- President Xi demands accelerated FTA strategy
- China, S.Korea, Japan to hold new talks on trilateral FTA
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