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Korea-China FTA talks end without major breakthrough

Updated: 2014-03-21 11:55:25 (KST)
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The tenth round of free trade pact negotiations between Korea and China have ended without any major breakthroughs.
During the talks, which took place over five days in Ilsan, north of Seoul, the two sides discussed tariff concessions on various goods, including items classified as both sensitive and highly sensitive.
Seoul asked China to open its petrochemical and manufacturing industries, while China demanded that Seoul open its agricultural market.
Unable to find common ground, officials agreed to talk further at the next round of negotiations in China.
China is Korea's top trading partner, with analysts predicting that Seoul's GDP will increase by up to 3 percent in the ten years after the deal takes effect.
Farmers in Korea oppose the deal, saying it will devastate Korea's agricultural sector.


Reporter : jlaah@arirang.co.kr

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