China And South Korea Have Achieved Fruitful Results In Negotiations, 90% Commodities Will Be Subject To Zero Tariff.

Shen Danyang, spokesman of the Ministry of Commerce, said at a monthly regular press conference that he had answered questions. China And The Republic of Korea At the beginning of September, China and South Korea have completed the stage negotiation of FTA mode. According to the agreed mode, the two sides agreed that the final liberalization of products should account for 90% of the total commodity tax, covering 85% of total imports.

Shen Danyang said that China and South Korea's FTA negotiations are divided into two stages: mode negotiation and negotiation of asking price. The two sides reached a consensus in the mode negotiation stage, including the level of liberalization of trade in goods, the scope of the agreement and the principles, frameworks and content elements of various fields.

He said that the negotiations between China and South Korea's FTA model are only the results of the whole negotiation, which will be of some reference significance for China Japan ROK FTA negotiations. However, the two situations are not the same and the negotiation mode can not be simply copied.

It is understood that the two sides agreed that the next round of FTA negotiations will be held in Korea this year.

In recent years, China has accelerated its implementation. fta Strategy is the key measure of opening to the outside world. Turning to the "upgraded version" of the China ASEAN Free Trade Area, which has been concerned by the society, Shen Danyang said that China and ASEAN will discuss the negotiation of a new batch of commitments to trade in services through further tariff reductions and non-tariff measures, and promote substantive opening up in the investment field, thereby enhancing the level of liberalization and facilitation of trade and investment.