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Korea-China FTA in services : How far can we go in the follow-up negotiations?

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  • Korea-China FTA in services
  • Kim, Jong Duk
  • Korea Institute for International Economic Policy


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Title Korea-China FTA in services
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Sub Title

How far can we go in the follow-up negotiations?

Material Type Articles
Author(English)

Kim, Jong Duk

Publisher

[Sejong]:Korea Institute for International Economic Policy

Date 2015-06
Series Title; No KIEP Opinions
Pages 5
Subject Country China(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Holding KIEP

Abstract

Notwithstanding all the administrative work being undertaken at this moment, the Korea-China FTA negotation is not over yet. Indeed, both countries agreed to resume a second-stage negotiation on services and investment liberalization in two years after the current first stage agreement takes effect. So then, what can we expect in the second-stage negotiations? In the follow-up negotiations, both countries agreed to change the negotiating modality of liberalization in services and investment from the positive list approach to the negative list approach. In other words, in the second-stage negotiations, all services sectors are the subject of full liberalization unless otherwise stipulated. Another distinction of the Korea-China FTA from China’s previous FTAs is that financial and telecommunication services are dealt with in separate chapters. Currently, both countries have left room for further liberalization in two important enabling sectors in the second stage. (The rest omitted)