8th Korea-China FTA Service and Investment Follow-up Negotiations

Four-day Video Conference from 20th to 23rd
Subcommittee Meetings from 20th to 22nd, Chief Representatives Meeting on 23rd

The first follow-up negotiation on services and investment under the Korea-China FTA held in March 2018. Both sides have been negotiating for 2 years and 4 months./Photo by Dongju Yoon doso7@

[Asia Economy Reporter Moon Chaeseok] The Ministry of Trade, Industry and Energy announced that the 8th follow-up negotiations on the Korea-China Free Trade Agreement (FTA) for services and investment will be held via video conference over four days from the 20th to the 23rd.

From the 20th to the 22nd, sectoral meetings on services, investment, and finance will take place, followed by a chief representatives' meeting on the 23rd.

About 20 representatives from government ministries of both sides will attend. On the Korean side, Lee Kyung-sik, FTA negotiator at the Ministry of Trade, Industry and Energy, will serve as the chief representative, while on the Chinese side, Yang Zhengwei (楊正偉), Deputy Director of the International Department of the Ministry of Commerce of China, will be the chief representative.

During this 8th negotiation, detailed discussions will continue on the agreement texts and market opening in the fields of services, investment, and finance to advance the negotiations.

An official from the Ministry of Trade, Industry and Energy stated, "Both sides are actively utilizing video conferences amid the novel coronavirus disease (COVID-19) to maintain negotiation momentum," adding, "We will continue efforts to advance negotiations to achieve further liberalization of the service market and strengthening of investment protection."

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