Ministry of Commerce: The second stage of the China -Korea Free Trade Agreement has made substantial progress in negotiations

Zhongxin Jingwei, July 21st. On the 21st, a spokesman for the Ministry of Commerce, Shu Jingsing, said in response to the issues related to China -Korea trade related issues that China and South Korea have launched the second phase of the China -Korea Free Trade Agreement to conduct negotiations and carry out the negative list model. High -level service trade and investment liberalization consultation. So far, the two parties have held 9 rounds of official negotiations to achieve substantial progress.

Shu Jingsing said that China and South Korea are important trading partners. In the past 30 years, China and South Korea have achieved leapfrog development. In 2021, the bilateral trade volume exceeded US $ 360 billion, which was 72 times that of the year of the establishment of diplomatic relations. The two parties effectively connect with the development strategy, successfully implement the China -Korea Free Trade Agreement, steadily promote the co -construction of the China -Korea Industrial Park cooperation, continue to deepen the third -party market cooperation, and form a deep integration, stable and smooth industrial chain supply chain system. Earlier this year, the effective implementation of the "Regional Comprehensive Economic Partnership Agreement" provided a broader space for the further deepening of economic and trade cooperation between the two countries. In the first half of this year, the bilateral trade volume reached 184.25 billion US dollars, a year -on -year increase of 9.4%. In the context of the global economic fragile recovery, China -South Korea trade has maintained a rapid growth, which fully shows that the economy of the two countries has strong complementarity, and fully demonstrates the toughness and potential of the economic and trade cooperation between the two parties.

Shu Jingsing said that since the signing of the China -Korea Free Trade Agreement in 2015, the two parties have reduced tariffs eight times. China has exceeded 40%of the zero tariffs on imported goods imported from South Korea. Under the agreement item, the import and export of Huihui have been greatly improved, and the increase in bilateral trade investment has increased significantly, which has played an important role in promoting the development of bilateral economic and trade relations.

According to Shu Ji Ting, according to the relevant provisions of the China -Korea Free Trade Agreement, the two countries have launched the second stage of negotiations between the China -Korea Free Trade Agreement to conduct high -level service trade and investment liberalization consultations in the negative list model. So far, the two parties have held 9 rounds of official negotiations to achieve substantial progress. Recently, the two countries held a bureau -level meeting to accelerate the promotion of subsequent negotiations to reach consensus.

Shu Jingsing said that China is willing to maintain negotiation with the Korean side, strive to reach a mutually beneficial and win -win agreement at an early date, further enhance the level of openness and cooperation between the two countries' service trade and investment, and promote the new level of China -Korea economic and trade relations. (Zhongxin Jingwei APP)

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