Analysis on Sino-Korean Structure of Trade in Goods and Economic Effects in the Framework of Free Trade Agreement

Since the establishment of diplomatic ties between China and Korea in 1992, the bilateral economic and trade relations developed rapidly, two nations have become important trade partner and investment object country each other. Especially entered into 21st century, as the continuous changes of the world economic pattern and rising tide of regional economic cooperation, the Sino-Korea free trade agreement (FTA) has become hot issues in research. In May 2012, SinoKorea FTA entered into the important negotiation stage under the active pushes from two nations lasting for seven years. In the negotiation of SinoKorea FTA, measures of trade in goods liberalization and their arrangements will be a bone of contention, two nations will certainly discuss bilateral structure of trade in goods and economic effects in the frame of FTA.