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Under the free trade agreement, ROK will eliminate tariffs on 92 percent of all products from China within 20 years, while China will abolish tariffs on 91 percent of all ROK goods.
China and Singapore currently have two government-to-government projects -- the Suzhou Industrial Park established in 1994 in China's eastern province of Jiangsu, and the Tianjin Eco-city inaugurated in 2008 in the northern Chinese port city of Tianjin.
"China, as the world's second largest economy and the engine of the Asia-Pacific regional economy, is of paramount importance to regional economic integration. At the same time, China is open to every multilateral trade mechanism in the region," said Tang.
"Our due response should be enhancing our coordination, growing our economies, creating more jobs, stabilizing the global financial market, so we can really achieve sustainable, balanced and strong economic growth," he added. "And by doing so, we will not only achieve our development goals and eliminate poverty, we will also be really able to eliminate the soil that breeds ground for terrorism."
In regard to the complex and grave regional security situation, Xi suggested the two countries boost security cooperation and jointly fight against threats of the "three evil forces" of terrorism, separatism and extremism, as well as transnational organized crime.
来源：资阳报