23 August 2019

China, South Korea, Japan start new FTA talks, Xinhua says

China, South Korea and Japan have begun a fourth round of talks in Seoul on a trilateral free trade agreement (FTA), the official Xinhua news agency reported Tuesday. The negotiations will cover tariff reduction, services trade opening and investment, the Chinese delegation was quoted as saying. Earlier, South Korean Trade Minister Yoon Sang-jick said the talks are moving toward an end. South Korean farmers previously opposed such FTA, fearing a free trade pact would flood the market with cheap farm products, the report said. China, South Korea and Japan have seen increasingly close economic and trade relations and have become important partners and markets to one another.

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