08:55 GMT +318 October 2019
Listen Live
    Asia Pacific Economic Cooperation

    China, South Korea Very Close to Signing Free Trade Agreement: Reports

    © REUTERS / Kim Kyung-Hoon
    Business
    Get short URL
    0 32
    Subscribe

    China and South Korea might sign a free trade agreement during the APEC summit that is currently taking place in Beijing, finalizing the talks back in July when the leaders of the two countries met at Seoul.

    MOSCOW, November 10 (RIA Novosti) — China and South Korea might sign a free trade agreement during the Asia-Pacific Economic Cooperation (APEC) summit that is currently taking place in Beijing, Yonhap News reported Monday.

    "A successful conclusion of a free trade deal between South Korea and China could further boost discussions on economic integration in Asia and the Pacific region," Yonhap News quoted South Korean President Park Geun-hye as saying.

    Yonhap News also quoted a South Korean official as saying that Beijing and Seoul "are on the verge of reaching" the pact.

    Finalizing the agreement by the end of this year was achieved back in July when the leaders of the two countries met at Seoul, according to Yonhap News.

    The APEC summit will seek to join forces against global challenges. The main focus of the summit will be on the creation of a new Asia-Pacific partnership. The Ebola virus, air pollution, terrorism and corruption are also expected to receive attention during the summit.

    Related:

    Meeting of APEC Leaders Starts in Beijing
    Bill Clinton Lauds APEC as Economic Cooperation Model in 21st Century
    APEC Eyeing LNG Market Expansion in Asia-Pacific
    APEC Summit to Deepen Sino-Japanese Ties: Experts
    Canada to Continue Cooperating With APEC Members on Terrorism
    Tags:
    South Korea, free trade agreement, APEC summit, China
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik