China And South Korea FTA Will Build A Better Bridge

In order to expand trade cooperation between China and South Korea, the Ministry of industry and Commerce resources of Korea and the Korea trade and Investment Promotion Association (KOTRA) and the China Council for the promotion of international trade (CCPIT) jointly organized the "China South Korea joint FTA application promotion conference".

South Korean experts said at the meeting that after the formal entry into force of the FTA between China and South Korea in late 2015, South Korea's imports from China increased substantially, mainly in the fields of electronic machinery, auto parts and consumer goods.

There are more than 200 members from this briefing.

And relevant persons from Chinese enterprises.

Korean trade and investment revitalization of the commune President Kim Chung hung

Yin Zonghua, vice president of the Ministry of Commerce and deputy director of the International Department of the Ministry of Commerce Hong Xiaodong attended and delivered a speech.

Yin Zonghua said that China and South Korea FTA are the most widely covered FTA covered by China and the largest trade volume involving countries.

At the meeting, Li Haodong, director of the Ministry of industry and Commerce resources of Korea, stressed that the recent weakening of South Korea's export to China has eased, and that Korean enterprises need to use the FTA effect of China and Korea to actively explore the Chinese consumer market.

In addition, the experts conducted a detailed interpretation and strategic analysis of China Korea FTA.

Zheng Huanyu, a South Korean expert, said that after the formal entry into force of the FTA between China and South Korea in late 2015, South Korea's imports from China increased substantially, mainly in the fields of electronic machinery, auto parts and consumer goods.

South Korean experts believe that the recent slowdown in China's economic growth has led to weaker exports to China, and Korea's exports to China decreased by 17.6% in 1~2 months.

However, the import market share in China has increased to 11.3% compared with 10.9% in 2015, creating a new historical record.

Especially milk powder, dried fruit, chocolate,

While some consumer goods benefited from China and South Korea FTA, exports for 1~2 months this year achieved an increase of two figures over the same period last year.

In addition to consumer goods, industrial glass products, flat rolled steel products, laser hair removal machines, forging machines and other products also achieved more than 100% of export growth.