South Korea and China agree to expand high-level talks and resume FTA negotiations

(26 May 2024)
RESTRICTION SUMMARY:

ASSOCIATED PRESS
Seoul, South Korea – 26 May 2024
1. Wide of Kim Tae-hyo, the first deputy director of the National Security Office
2. SOUNDBITE (Korean) Kim Tae-hyo, the first deputy director of the National Security Office:
"In terms of specific results of the (South Korea-China) high-level talks, we established the South Korea-China Diplomatic and Security Dialogue and decided to hold the first meeting in mid-June. This can be seen as a 2+2 consultative group between the authorities of the foreign and defense ministries of the two countries. The vice-minister of the Ministry of Foreign Affairs and a director-level official of the Ministry of National Defense will attend the meeting".
3. Journalists at briefing room
4. Wide of briefing
5. SOUNDBITE (Korean) Kim Tae-hyo, the first deputy director of the National Security Office:
"We have decided to resume the second phase of the South Korea-China FTA negotiations. The South Korea-China FTA has been in effect since December 2015. Going beyond the market opening in the goods sector that has been pursued so far, we will continue discussions to expand exchanges and opening in the services sector, particularly in areas such as culture, tourism, and law."
6. Wide of briefing

STORYLINE:
South Korea and China will expand high-level talks by establishing a new consultative group involving high-level diplomats and defense officials and resume the negotiations for their Free Trade Agreement, South Korean presidential office said.

Kim Tae-hyo, the first deputy director of the National Security Office, said Sunday in a briefing following the bilateral talks between South Korean President Yoon and Chinese Premier Li Qiang that Beijing and Seoul agreed to start a 2+2 high- dialogue between their high-level defense and foreign affairs officials.

Kim also said that the two countries will resume the second phase of the South Korea-China FTA negotiations. The South Korea-China FTA has been in effect since December 2015.

Going beyond the market opening in the goods sector that has been pursued so far, the two sides will continue discussions to expand exchanges and opening in the services sector, particularly in areas such as culture, tourism, and law, Kim said.

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