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A new move to boost China and South Korea’s economy corporation, the 6th round of negotiations1 for a free trade agreement between China and South Korea is being held in South Korea’s port city of Busan.
A Free trade agreement means lower tariffs2 and less obstacles to enter each other's market, and will benefit the two countries' economy and trade. This latest round of talks aims to come up with a draft of the targets and measures to accomplish objectives in trade negotiations.
The draft is expected to help further agreement in other areas of cooperation between the two countries. Seoul and Beijing are also seeking to establish a three-way free trade deal with Japan. The next round of China-South Korea talks is expected to be held in China later this year.
1 negotiations | |
协商( negotiation的名词复数 ); 谈判; 完成(难事); 通过 | |
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2 tariffs | |
关税制度; 关税( tariff的名词复数 ); 关税表; (旅馆或饭店等的)收费表; 量刑标准 | |
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