The Sino Korean FTA Is Expected To Benefit From 310 North Korean Manufacturing Products.
In June 1st, China and South Korea signed
free trade agreement
Since then, the Ministry of industry and Commerce resources of Korea believes that the tariff waiver covered by the agreement covers the products of the Kaesong industrial park in North Korea, so that some of the products manufactured by the DPRK will also benefit from the FTA between China and Korea.
According to the South Korean government, there are 310 kinds of products that are expected to benefit from Korea, including clothing and electronic components.
Previously, products from Kaesong industrial park were excluded from Korea's previous FTA agreements with the United States and the European Union.
South Korean officials said they expect the Sino Korean FTA to promote cooperation between South Korea and North Korea to open up more projects similar to the Kaesong industrial park and further promote peace on the Korean Peninsula.
Related connection
Wenzhou promotes domestic and foreign trade and investment cooperation
In June 1st, China and South Korea formally signed the free trade agreement (FTA).
Wenzhou has launched a few years in recent years.
South Korea economic and trade cooperation
The upsurge is catching up with the FTA of China and Korea.
According to the information of Wenzhou business development promotion center, the Wenzhou Municipal Bureau of Commerce, in 2015, launched 10 major activities to promote economic and trade cooperation with Korea to increase cooperation with South Korea in the field of economic and trade cooperation and to achieve cooperation in many fields. Now it is invited to warm up the demand for economic and trade cooperation between Korea and Korea.
The 10 year activities of the Municipal Bureau of Commerce in promoting the economic and trade cooperation between Korea and Wenzhou include the recently held Symposium on investment cooperation between Wen Han and the Korean Association of industry and commerce, and the exhibition exhibition of Wenzhou South Korea Industrial Park held at the seventeenth China Zhejiang investment and Trade Symposium in Ningbo on 9 June this year. The Wenzhou South Korea Industrial Park and investment project promotion conference held in Shanghai later this month, the Wenzhou South Korea Industrial Park and investment project promotion conference held in Beijing in late 8, the South Korean Wenzhou economic and Trade Investment Cooperation Week held in October, and the joint meeting of the two projects.
Prior to that, Wenzhou has hosted the Sino Korean Industrial Cooperation summit and introduced "Korean fashion new world" and "medical paradise" and other projects. At the same time, it is also striving for the opening of warm Korean annual flights, offering Korean or Korean related courses, and strengthening docking and cooperation with relevant departments, groups and enterprises in the fields of vehicle, electronic equipment, ship, tourism and other industries, technology, social undertakings and culture.
The director of Wenzhou Business Development Promotion Center said that China and South Korea FTA had brought rare opportunities to Wenzhou and South Korea in terms of economic and trade cooperation. However, to deepen the economic and trade cooperation with Korea, we need deep involvement of Wen and enterprises. Therefore, we need to gather relevant items for the economic and trade cooperation between Korea and Korea.
The project can be a search for the introduction of Korean technology, capital, and
Brand cooperation
It can also find partners and market expansion in Korea, covering various levels, industries and fields.
After sorting out, packing, and compiling a collection, the projects will be targeted at Korea related enterprises, technologies, funds and projects through the series of Korean activities. The South Korean side can also arrange the relevant departments, groups and enterprises to connect with the real demand provided by Wen enterprises, so as to improve the docking depth and success rate of Wen Han cooperation.
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