South Korea and China have launched an eighth round of talks on a free trade agreement, the official Xinhua news agency reported Monday, citing the trade ministry in Seoul. The five-day meeting is being held in Incheon, 40 kilometers west of Seoul. The two sides completed seven rounds of talks in the first stage of negotiations in early September. They agreed on the basic guidelines for a free trade deal. The latest round will cover items that will eligible for tariff exemption, the report said. Seoul and Beijing have tentatively agreed to abolish tariffs on 90 percent of all products by volume and 85 percent of imports by value, it said.
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