- Korea, China to begin follow-up FTA talks in Seoul 2018-03-14
The Ministry of Trade, Industry and Energy announced on March 14 that the first round of follow-up negotiations about services and investments under the Korea-China free trade agreement (FTA) will take place in Seoul on March 22 and 23.
During President Moon Jae-in’s visit to China in December last year, the Ministry and China’s Ministry of Commerce agreed to commence the negotiations on liberalization in services and investments early this year.
The negotiations follow the completion of domestic procedures, including a public hearing and report to the National Assembly under the "Act on the Conclusion Procedure and Implementation of Commercial Treaties."
The Ministry and its Chinese counterpart will hold the first round of negotiations to discuss the basic principle and direction of future talks and exchange views on areas of interest as well as rules and regulations.
In addition, the two countries will hold the second meeting of the Korea-China FTA joint committee on March 22 to review the implementation of the bilateral agreement. The first meeting was held in Beijing in January 2017.
The Ministry also announced that the 13th Korea-China-Japan FTA negotiations will take place from March 22 to 23. The three countries will discuss ways to make progress in negotiations on key issues such as goods, services, and investments.