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SEOUL, Dec. 19 (Xinhua) -- The free trade agreement (FTA) between China and South Korea will officially come into force from Sunday, providing an opportunity for the two countries to push forward their already-close cooperation partnership further.
China will contribute 800 million U.S. dollars to the financing, while the Pakistani partners will provide 500 million U.S. dollars, mainly through China Development Bank and Habib Bank.
Under the deal, both countries will eliminate tariff on more than 90 percent of traded goods within 20 years after the implementation. As the FTA gets effective before the end of this year, the tariff cut will enter the second year in less than two weeks after the implementation.
He also believed that the two news bodies should work together in delivering quality economic information service with the aim of meeting the needs of the developing economies that seek investment and business opportunities.
In his New Year speech, Xi said that a meeting of the Communist Party of China (CPC) in late October set out a promising and encouraging blueprint for development over the next five years.
来源：资阳报