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.


comments powered by Disqus