 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
China urges FTA with South Korea
Seoul (AFP) May 27, 2006 China has urged a free trade agreement (FTA) with South Korea in order to help boost burgeoning trade and investment between the two countries, officials said Saturday. The suggestion came as Chinese Commerce Minister Bo Xilai met with his South korean counterpart Chung Sye-Kyun, officials of the Ministry of Commerce, Industry and Energy said. Bo stressed the need to push forward free trade agreement talks. Beijing seeks an FTA with Seoul to help ease its chronic trade deficit with South Korea. Bo raised the same issue when he met with South Korean Trade Minister Kim Hyun-Chong here Friday, according to the Minitry of Trade and Foreign Affairs. South Korea is reluctant to rush into an FTA with China amid fears that low-priced Chinese agricultural products could flood the domestic market, causing trouble for the country's already impoverished farmers. South Korea and China have agreed to make efforts to double bilateral trade to 200 billion dollars per year by the year 2012. Bo also expressed concern over what he called a militant union at Ssangyong Motor, which was acquired by Shanghai Automotive Industry Corp. in October 2004. Shanghai Motor bought a controlling stake of 48.9 percent in Ssangyong for 500 million dollars, becoming the first Chinese firm to own a major concern in the world's fifth-largest auto market. Community Email This Article Comment On This Article Related Links Global Trade News
Anti-China senators block new US trade chief
Washington (AFP) May 26, 2006 The appointment of Susan Schwab as the new US trade chief hit an unexpected snag Friday over what a Democratic senator called her "evasive and unhelpful" position on China. New York's Chuck Schumer said he would block Schwab's nomination as the next US trade representative (USTR) until he receives answers to a letter sent by himself and Republican colleague Lindsey Graham. |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
