www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Economy

China, ROK accelerate FTA talks

(Xinhua) Updated: 2014-07-08 15:55

China and the ROK have experienced two decades of booming bilateral trade. Two-way trade surpassed $270 billion in 2013, nearly 50 times the volume in 1992, making the ROK China's sixth-largest trade partner and third-largest source of imports.

As the world recovery falters, the FTA should be a profound and significant part of the two countries' future relations.

It would boost trade, investment and even GDP growth of the two economies. It would help the ROK reinforce its position in the Chinese market, as its weakening technological leverage allows in US and European rivals, said Mei.

In 2013, around one fourth of ROK exports went to Chinese buyers, but the ratio has begun to drop. The ROK's businesses pinned their hopes on the FTA to help their products re-gather steam in the Chinese market.

As for China, apart from cheaper car and electronics imports for consumers, Liaodong Peninsula, the country's closest point to the ROK, will receive the most benefits from the FTA, with Korean investment in the peninsula expected to surge.

Mei said China, engaged in FTA talks around the world, expects a successful negotiation with its neighbor to set a good example for future talks.

China has signed 12 free trade agreements with countries or alliances including Switzerland, New Zealand and the Association of Southeast Asian Nations.

Hopes of larger FTA

Wei Zhijiang, director of the ROK Research Institute under Sun Yat-sen University in south China's Guangdong province, said the China-ROK FTA can push forward negotiation for a larger one that includes Japan in the plan.

In May, the China-Japan-ROK agreement for promotion, facilitation and protection of investment took effect, and this is widely believed to be a prelude to the foundation of an FTA between the three countries.

However, territorial and historical disputes between Japan and its two neighbors respectively have cast a shadow over the prospects. Latest evidence can be found in the shrinking direct investment from Japan to China, with the volume plunging 42.2 percent year on year during the January-May period.

The FTA of the three countries was first envisioned in 2002 and the negotiation started two years ago, with the process dawdling partly due to political issues and partly due to a less interested Japan.

The situation is likely to change now, however, as a China-ROK success may push Japan to be more involved or face losing the enormous Chinese market to ROK enterprises.

In the first five months of 2014, investment from the ROK to China soared 87.9 percent year on year. With favorable conditions brought by the bilateral FTA, a wide range of ROK-made products from automobiles to electronics are likely to become Chinese new favorites.

China, ROK accelerate FTA talks

China, ROK accelerate FTA talks

 South Korea eyes China's financial market Xi hails South Korea's growing international influence

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 女人成午夜大片7777在线 | 成人欧美一区二区三区 | 特级欧美午夜aa毛片 | 国内精品久久久久久影院老狼 | 国产网站黄 | 亚洲国产成a人v在线观看 | 国产精品三区四区 | 欧美另类69xxxxx 视频 | 国产在线步兵一区二区三区 | 欧美激情精品久久久久 | 国产成人综合亚洲欧美在 | 国内精品久久久久久影院老狼 | 加勒比一本一道在线 | aaa一级毛片免费 | 97国产精品欧美一区二区三区 | 天天看片欧美 | 欧美成人三级伦在线观看 | 日韩一区在线播放 | 99在线视频精品费观看视 | 日本美女黄网站 | 国产精品18久久久久久久久久 | 亚洲最大网址 | 日本久久伊人 | 国产精品综合一区二区 | 99国产精品视频久久久久 | 一本色道久久爱 | 亚洲成a人片在线观看中文!!! | 国产大学生自拍 | 欧美男女网站 | 欧美日韩亚洲高清不卡一区二区三区 | 欧美国产伦久久久久 | 午夜两性视频 | 特级一级毛片视频免费观看 | 国产亚洲一区二区手机在线观看 | 午夜影院黄色片 | 国产欧美va欧美va香蕉在线观 | 91亚洲国产成人久久精品网站 | 波多野结衣在线视频观看 | 澳门一级毛片手机在线看 | 日本久久综合网 | 国产精品一国产精品 |