Overall Understanding Of Korea-China Free Trade Agreement (FTA): It's Characteristics And Implications

The world economic is focusing on the China in recent years,since after China's "open-up" policy to the world.One of the major reasons is that the China became world largest manufacturing country in the world.Because of it's great number of population(human resource),natural resources and its location.China also has big potential capacities in many ways.For those reasons,Korea also needs to focus on China.Since both country has very fast economic development and growth of international exchange between two countries.One of the reasons is its geographical reason.Korea and China are very close together.This could be more beneficial to us than any other countries for geographical reason and economically(Saving money and time) reasons.The world and Korea has great dependency on China.Their dependency increases more and more by the time passes.The world and Korea exports and imports also increase constantly every year.The rate of dependency on China increased 30%and it also increase each year.Simply without "Made in China";we had to face harder life(Life Challenging).After the contracting Korea-China FTA,Korea GDP increase bigger than increase in China and also the manufacturing industry of Korea will make increase of trade surplus.Since China wants FTA with Korea faster and earlier,this is great opportunity to have contract in advance.Korea-China FTA will bring Korea's and China's economic to upgrade one step further or more and also expects much bigger benefit than losses.Therefore in this study is to clarify possibilities and effects of promoting Korea-China FTA.