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South Korea, China Sign Free Trade Deal

Posted June 01, 2015

Under Economic Issues, International Trade Issues

(Associated Press)

Trade ministers from the two countries met in Seoul to sign the pact between two of Asia’s biggest economies.

The agreement covers 22 areas including finance and online commerce but won’t include rice and autos.

South Korea’s trade ministry said the deal would boost the country’s gross domestic product by nearly 1 percentage point and create more than 50,000 jobs in the decade after its implementation. Click here to read more.