After years of negotiations, the free trade agreement
between China and South Korea and that between China and Australia have both
taken effect on Dec. 20.The China-Australia FTA means that tariffs will
be lifted on 95 percent of Australian exports, hurdles will be lowered for
Chinese businesses to invest in Australia and more visas will be granted for
Chinese visitors.Australia is also a member of the US-led TPP signed
earlier this year. How will Australia handle its position of standing in between
the US and China?First, PIK talked with Professor
James Laurenceson, Deputy Director of the Australia-China Relations Institute,
University of Technology SydneyDespite the concerns
over employment, the China-Australia FTA is widely popular with the general
public, agricultural sectors and service sectors.What about the FTA
between China and South Korea? Under this deal, Seoul and Beijing will each
eliminate tariffs on more than 90 percent of traded goods within 20 years after
the implementation of the agreement. Just how beneficial will this agreement be
to the Korean economy after it takes effect?We are now joined by
Dr. Chang Yong Ha, Assistant Professor, Peking
University HSBC Business School:The FTAs that China
has signed with countries in recent years are playing important roles in further
expanding bilateral trade and investment, and facilitating the free flow of
capital, goods and people.So how is China's FTA strategy going? Next PIK spoke to Prof. Zhang Jianping, Director
of the Department of International Economic Cooperation, Institute for
International Economic Research, National Development and Reform Commission.