An Analysis of the Development Situation and Prospects of Sino-Korea Trade Facilitation——From the Perspective of the Possible SKFTA Framework

The possible CKFTA framework is a major way to promote Sino-Korea bilateral trade facilitation.Both sides have adopted a series of initiatives,such as customs clearance procedures,e-commerce and so on,to accelerate the process of bilateral trade facilitation.At present,China's level of trade facilitation was slightly lower than that of South Korea.With the possible CKFTA talks putting on the agenda,trade facilitation and cooperation between the two countries have made some achievements.Simultaneously,the two countries are also facing challenges such as the domestic market opening pressure of some sensitive products,which is often affected by the current political situation.Deepening the Sino-Korea trade facilitation cooperation and improving the level of bilateral trade facilitation are of great significance.Both sides can further the cooperation in trade procedures,dispute settlement mechanism,verification of origin and customs mutual assistance and so on.