Ministry of Commerce: The second phase of the China -Korea Free Trade Agreement has been launched

Cover news reporter Teng Yan

On July 21, a spokesman for the Ministry of Commerce, Shu Jianting, introduced at a routine press conference of the Ministry of Commerce that China and South Korea have launched the second phase of the China -Korea Free Trade Agreement to conduct a high -level service trade and negative list model. Investment liberalization consultation.

Shu Jingsing pointed out 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.

Shu Jingsing said that early 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 the relevant provisions of the China -Korea Free Trade Agreement, the two countries have launched the second phase of the China -Korea Free Trade Agreement to conduct negotiations in high -level service trade and investment liberalization in negative list models." Shu Lingting said that so far, the two parties have been held. The 9 rounds of official negotiations have achieved substantial progress. Recently, the two countries held a bureau -level meeting to accelerate the promotion of subsequent negotiations to reach consensus. 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 economic and trade relations between China and South Korea.

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