China, South Korea agree on free trade deal
November 10 , 2014
China and South Korea have agreed to sign a free trade deal with the aim of removing most trade barriers between the two Asian countries, media reports say.
After over two years of talks, a final agreement has been reached. The pact spans 17 areas, according to Chinese officials.
China is the biggest trading partner of South Korea. Their bilateral trade rose to $228.9 billion last year.
A meeting between South Korea’s President Park Geun-hye and Chinese President Xi Jinping in Beijing finally sealed the deal.