Home / Knowledge / News / Textiles / China, South Korea complete first-stage FTA talks
China, South Korea complete first-stage FTA talks
11
Sep '13
China and South Korea have completed talks for the proposed Sino-ROK free trade agreement (FTA), at the seventh round of negotiations held in Wei Fang, Shan Dong Province earlier this month, a statement from China’s Ministry of Commerce said.
 
The Sino-ROK FTA talks are to be completed in two stages. In the first stage, the two parties reached consensus on trade in goods, agreements scope, principles, frames and elements of talks of all fields. 
 
The seventh round of negotiations was co-chaired by Yu Jianhua, Deputy International Trade Representative of Chinese Ministry of Commerce, and Woo Tae-hee, South Korea’s Assistant Trade Minister.
 
The second-stage FTA talks will begin with the eighth round of Sino-ROK FTA negotiations to be held in Korea later this year.
 
Negotiations for FTA between China and South Korea began on May 2, 2012, and the sixth round of negotiations was held in July this year in South Korea’s port city of Busan.
 
At the sixth round, both sides came closer to agreement in most modalities (basic guidelines), including the level of liberalization. Both the sides also narrowed different views over services, investment, rules of origins, customs clearance, trade remedy and intellectual property rights.
 
In addition to a FTA, China and South Korea are also seeking a trilateral free trade deal, with the inclusion of Japan.
 
In 2012, South Korea exported textiles and clothing worth US$ 4.9 billion, while it imported textiles and apparel worth US$ 2.9 billion.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X