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Korea and China are holding a new round of free trade negotiations on this Monday...
in Korea's southeastern city of Daegu. The working-level talks, that'll last for
five days,... are the first since the leaders of the two countries agreed during their summit
talks in Seoul earlier this month... to conclude a free trade agreement... within this year.
In this 12th round of talks,... Korean officials will push China to open its market for industrial
goods such as steel, machinery and automobiles. Chinese trade officials are expected to ask
Korea to do the same... for its agricultural and marine goods.
So far the countries have agreed to liberalize their markets for about 90 percent of the
12-thousand products traded between them... but have hit a stumbling block over which
products should be excluded. Seoul says... it doen't plan to yield to Beijing's
demands... to fully open its agricultural and marine goods... just yet.