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Korea, China agree to sign FTA

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South Korea and China have "virtually" reached a free trade deal on Monday during a meeting between their leaders, a South Korean official said.

South Korean President Park Geun-hye and her Chinese counterpart Xi Jinping plan to observe the signing of a free trade deal after their summit in Beijing, the official said.

Still, he did not elaborate on what he meant by a virtual agreement.

A successful conclusion of a free trade deal between South Korea and China could further boost discussions on economic integration in Asia and the Pacific region, Park said in an interview with China's BTV aired late Sunday.

When they met in Seoul in July, Park and Xi had agreed to strengthen efforts to achieve a deal before the end of the year. China is South Korea's largest trading partner. (Yonhap)



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