South Korea signed a free trade agreement on June 1st. Agreement, in the next 20 years, South Korea will cancel 92% of import tariffs on Chinese goods, China 91% of South Korea's import tariffs will be cancelled. Is China and South Korea free trade area agreement China and abroad covering the range of topics of the most widely signed so far, the largest free trade agreements involving the country's trade volume, the agreement covers trade in goods, trade in services, investment and rules, a total of 17 areas, including electronic commerce, competition policy, government procurement, environment and trade of goods is not only involved, and also trade in services and investment. 2013, the volume of trade between China and South Korea has reached $274200000000, average annual growth rate of over 20%, under the preferential policy of free trade area, 2015 is expected to achieve $300000000000 in trade, trade volume of $400000000000 over five years, according to the regional economic has a larger increase.
The growth of the regional logistics, port of shipping companies benefit directly. Most of the trade in goods from China and South Korea maritime transport, maritime transport and port throughput, especially the major ports and shipping companies; In addition, the implementation of the tax policy, in the next two transport simplify customs and quarantine procedures, logistics quick unicom, increase the transportation enterprises and the management efficiency of the port.
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