China-South Korea Bilateral partnership

Improvement on China-South Korea relations

Improvement on China-South Korea relations

Over the past few months ,we have seen the improvement in relations of China and South Korea. It has been surprising for some because of the differences in the ideology of South Korea and China. In fact it is more apt for South Korea to Japan however this is not the case. The three countries in East Asia had been disputing due to the changing of some historical narratives. China had been siding with South Korea with regards to the atrocities made by Japan during the World War II. This endangers the situation in East Asia because it allows China to establish a stable partnership with South Korea. China however is perfectly playing the act of diplomacy. After fixing its relations with Japan last September when they agreed in principle over the way to improve communication lines, China has further strengthen its relations with South Korea. The two countries decided to move towards launching a free trade area. In the news released by the Xinhua News Agency, the agreement is to “enhance bilateral market connectivity and all-round communication”. It is expected to become into force in the second half of this year.

 

Minister Yang Yihang

Minister Yang Yihang

The talks over the creation of the free trade area started last May 2012. Over the years, both countries have presented their particular needs and then agreed to proposed measures. The talks concluded just last November. Both sides have already reached agreements covering sectors including services, investment, finance and communication according to the Chinese Minister of Commerce, Yang Yihang. According to the minister, when he had conducted talks in a China-South Korea industrial cooperation, the agreements would provide fresh opportunities for bilateral enterprises and market connectivity. Minister Yang proposed to continue promoting bilateral investment in advanced manufacturing, film, and TV production, cultural creativity and medical care. South Korean trade official Hong Chang said how they look forward with this bilateral agreement and believes FTA would boost bilateral investment in tourism, logistics and encourage increased cooperation in renewable energy, environmental protection and the automotive industry.

Images by RFA and Ministry of Commerce