South Korea FTA signed today to benefit stocks


2015-06-01 Tencent Financial 79 comments


Tencent Financial comprehensive report, according to CCTV financial reports, South Korea FTA will be officially signed in June 1st, is expected to take effect before the end of this year. Since the entry into force of the FTA, the two sides over 90% of the products entered the zero tariff era after the transition period..


It is understood, China and South Korea free trade agreement highlights a lot. This is so far China signed with foreign countries involving country trade the biggest free trade agreement. At the same time, is also China so far involved in the field of most free trade agreements. China and South Korea free trade agreement initialed text has 22 chapters, covering 17 areas involves not only trade in goods, but also the service trade and investment.


The agreement covers 17 areas of goods, service trade and investment rules.


On May 26, the first financial daily reported, South Korean President Park Geun hye is on the day of the State Council, considered and adopted the South Korea Free Trade Agreement (FTA).


The contents of the agreement include the total of 310 items from the Open City Industrial Park, including South Korea's qualification of origin, these items can immediately enjoy the tariff concessions after the entry into force of FTA. China will in the longest 20 years in achieve 85% of the zero tariff products to tax imports and 91%, zero tariff products in Korea to items of 92%, imports of 91%. The agreement covers 17 areas of goods trade, service trade, investment and rules, including e-commerce, competition policy, government procurement, environment, etc., and economic and trade issues in twenty-first Century ".


According to Hong Kong media reports, China and South Korea FTA also relates to the environment, telecommunications, banking, e-commerce, Internet of things, film and television industry is a joint venture co production and government procurement cooperation, investment liberalization.


These are in addition to Hong Kong, Macao and Taiwan, before China and other countries or regions signed trade agreements are not the agreement for the first time in FTA negotiations involving the content of electronic commerce and local cooperation, the establishment of the first financial services, telecommunication services in separate sections.


According to a financial disclosure, the agreement will Weihai and Inchon free economic zone as a local economic cooperation demonstration zone and write the agreement. The Nanhai District, Weihai provides in the framework of China ROK FTA strengthen historical opportunity of opening to the outside world cooperation and fighting in multiple areas of South Korea cross-border electronic commerce, tourism, health care, modern logistics, such as to the pilot policy.


China and South Korea bilateral trade scale has reached $300000000000. The establishment of the FTA will greatly stimulate bilateral trade, experts expect five years