Tag - Korea-China FTA to take effect Dec. 20

Korea-China FTA to take effect Dec. 20

Ending years of negotiations and political hurdles, a free trade pact between Korea and China will go into effect on Dec. 20, removing numerous trade barriers between both nations amid flagging exports. The two countries have agreed to officially implement the deal by exchanging diplomatic letters in Beijing on Wednesday, a week after the South Korean parliament ratified the bill in the midst of political confrontation between rival parties. The bills on FTAs with China, New Zealand and Vietnam were authorized [...]