tradeKorea

Korean and Chinese Businessmen Say “We Will Actively Use the Korea-China FTA”

-KITA held the Korea-China Businessmen’s meeting-

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The Korea International Trade Association (Chairman, Han Duck-soo) co-hosted the ‘Korea-China Businessmen’s meeting’ with CCPIT* at Trade Tower in Samseong-dong on February 2. The purpose of this event was to help companies in the two countries effectively take advantage of the Korea-China free trade agreement as well as expand the bilateral economic cooperation. The total number of 120 people, including the chairman Jiang Zengwei of CCPIT and officials from 25 Chinese companies and 45 Korean companies, participated in the meeting.

*China Council for the Promotion of International Trade (CCPIT): Established in 1952, CCPIT is a channel for external relations. It is responsible for the exchanges with foreign companies and the exhibition businesses. Its roles are equivalent to Korea’s KOTRA and The Korea Chamber of Commerce

The business people from the both countries discussed the measures to utilize the Korea-China FTA effectively and expand the bilateral economic cooperation. They also exchanged information about the market trend of each country. An official at KITA said that this meeting was meaningful because the business people, who would actually take advantage of the pact, sought ways to use the FTA in practice and the possibility of economic cooperation.

Jang Ho-geun, head of the International Marketing Group of KITA said “The Korea-China FTA has been signed after the both governments’ relentless efforts and persistent negotiations. Now, it is a critical time for the companies who will take advantage of the agreement and the supporting organizations to play their roles.” He added “The open-minded exchanges between business people will be the foundation for trust building and enhance the bilateral tie to be more robust and mature.”

In addition, on the free trade agreement, KITA and CCPIT agreed to strengthen the cooperative relations through various joint businesses. Those two organizations will co-host ‘Hallyu Products & Service Marketing Fair’ in July in Beijing, China, and KITA is planning to actively support Korean companies to enter into Chinese domestic markets by taking advantage of the FTA as well as the Korean Wave (Hallyu) via those joint projects.