Key facts
- South Korea and China are holding the 15th round of FTA talks.
- The talks focus on services and investment.
- The negotiations are taking place in Beijing.
- The goal is to expand the scope of the existing FTA.
- The aim is to create a more predictable investment environment.
South Korea and China have initiated the 15th round of follow-up negotiations concerning services and investment under their existing bilateral free trade agreement. These crucial discussions are taking place in Beijing, the capital of China. The primary objective of these talks is to broaden the scope of the current free trade agreement, which initially focused on goods. By extending the agreement to cover services and investment, both nations aim to foster a more predictable and stable environment for businesses and investors operating between the two countries. This round of negotiations is a continuation of ongoing efforts to deepen economic ties and enhance the framework of their bilateral trade relationship.