Shandong cashes in on China-South Korea FTA

Coastal cities in Shandong province are cashing in on the China-South Korea Free Trade Agreement to expand business in e-commerce, healthcare, creativity and high-end maritime equipment manufacturing.

The FTA focuses on 17 areas, including trade in goods and services, healthcare, entertainment, investment and trade rules, as well as e-commerce and government procurement.

Huang Shuren, vice-president of Yantai International Container Terminals Co Ltd, said container throughput of the company to South Korea saw a year-on-year increase of 10 percent during the first half of this year.