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China-Japan-Korea trade agreement accelerates economic development in the three countries

  • Author:Arya Ren
  • Release on:2019-11-28

China-Japan-Korea trade agreement accelerates economic development in the three countries, with limited impact on export e-commerce companies




Hugo.com was informed that recently the sixteenth round of China-Japan-Korea Free Trade Agreement (FTA) negotiations in Seoul has attracted many eyes. According to the Ministry of Industry, Trade and Resources, China, Japan and South Korea will aim at a higher level of trade liberalization than RCEP and comprehensively discuss issues such as the opening of goods and services markets, investment, origin, customs clearance, competition, and e-commerce.


China-Japan-Korea trade agreement helps export products reduce tax and non-tariff barriers.