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South Korea ratifies FTA with China

by ChemOrbis Editorial Team -
  • 02/12/2015 (14:43)
According to media reports, the South Korean parliament ratified a free trade agreement (FTA) with China on November 30. The two countries had signed the FTA in June after three years of talks. The agreement will come into force following the approval of both parties’ parliaments.

Under the FTA, the parties will eliminate tariffs on more than 92% of all traded goods within 20 years. The agreement is expected to help accelerate the economic integration of Asia.
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