International Business News – On July 13, 2022, the Ministry of Commerce of China and the Ministry of Trade, Industry and Energy of South Korea held a meeting of chief negotiators of the second phase of the FTA negotiation via video. The two sides conducted in-depth consultations on issues such as cross-border trade in services, investment and financial services, and market access on the negative list, and made positive progress.
The two sides believe that China and South Korea are each other’s important economic and trade partners, and actively promote the second phase of the China-South Korea Free Trade Agreement negotiations to achieve substantial results at an early date, which will enhance the level of openness and cooperation in bilateral service trade and investment, further stimulate the trade potential of the two countries, and promote China-ROK economic and trade relations have reached a new level.