South Korea and China Execute Free Trade Agreement

, June 2, 2015, 8:59 a.m.


President Park Geun-hye and her Chinese counterpart Xi Jinping officially signed a bilateral free trade agreement on Monday. Park was given a letter from Xi by visiting Chinese Trade Minister Gao Hucheng at Cheong Wa Dae.



In the letter, Xi called the FTA a "landmark" that would pave the way for a "new leap" in trade relations.



Park sent Xi a letter through Trade Minister Yoon Sang-jick and said the bilateral trade pact would deliver "a wide range of opportunities and benefits" for both sides, while deepening the strategic cooperation between Seoul and Beijing.

 

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