The China-ROK Free Trade Area (FTA) negotiations were officially launched in May 2012 to provide a system of protection for trade in goods between the two countries, to expand cooperation in emerging strategic services such as e-commerce, energy saving and environmental protection, and financial services to build a stable and predictable frame. The establishment of the China-South Korea Free Trade Area is a milestone, will effectively promote the Asia-Pacific regional integration. February 25, 2015, China and South Korea to complete the full text of the Sino-Korean free trade agreement, the contents of the agreement were confirmed. At this point, China-ROK FTA negotiations are completed.
June 1, 2015, China and South Korea signed a formal trade agreement, marking the formal construction of China-ROK FTA officially completed the system design, will soon enter the implementation phase. China-ROK Free Trade Agreement Innovative introduction of local economic cooperation clause, clearly China’s Weihai City and South Korea Incheon Free Economic Zone as a local economic cooperation demonstration area, play a demonstration and guiding role.
On December 9, 2015, Vice Minister of Commerce Wang Zuowen and South Korea’s Ambassador to China, Kim Jae-Soo, exchanged diplomatic notes. The two sides jointly confirmed that the Free Trade Agreement between the People’s Republic of China and the Republic of Korea will take effect on December 20, 2015 The first tariff reduction, January 1, 2016 the second time the tax. China-Korea Free Trade Agreement (FTA) finally landed.