The 11th follow-up negotiations on the free trade agreement (FTA) services and investment between South Korea and China will be held in Beijing, China, from the 15th to the 18th of this month.
According to the Ministry of Trade, Industry and Energy on the 15th, around 40 representatives from both countries are participating in this negotiation, led by Kwon Hye-jin, the chief negotiator for the free trade agreement at the Ministry of Trade, Industry and Energy, and Lin Feng, the Director General of China’s Ministry of Commerce.
Since the FTA took effect in 2015, South Korea and China have been advancing follow-up negotiations on services and investment based on guidelines for subsequent negotiations. After initiating the follow-up negotiations on services and investment in March 2018, they have sustained discussions through 10 official negotiations and numerous meetings.
In this negotiation, plans are to conduct agreement and market opening negotiations in the three sectors of services, investment, and finance.
The Ministry of Trade, Industry and Energy noted, “We plan to actively engage in negotiations to ensure that this agreement can provide substantial assistance to our service providers.”