Deal may facilitate tri-partite agreement with Japan, broader regional partnership China and South Korea on Wednesday initialed a bilateral free trade agreement as both sides are hoping to increase trade, according to a press release from China's Ministr

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Under the FTA, which was initialed and exchanged with China's Ministry of Commerce in Beijing, the two agreed to offer preferential treatment to each other's financial companies and establish a joint organization to deal with bilateral business issues. Z

The ministry said negotiations have concluded and both sides have confirmed all the details. "China and South Korea have agreed to work for the official signing of the China-South Korea FTA within the first half of this year. The government of South Kore