Adaptability: Quickbooks software can be adapted a

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zhouyueyue

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by Yoo Seungki

SEOUL air max 97 summit white danmark , Feb. 25 (Xinhua) -- Free trade agreement (FTA) between China and South Korea would give both countries an opportunity to
jointly create and develop advanced industries as demand for high- quality
products would rise before the bilateral free trade pact is completely
implemented.


China and South Korea initialed the bilateral pact Wednesday, about three months after the two sides concluded negotiations on it. The two countries began
talks on the deal in May 2012.


South Korea's trade ministry said it aimed to officially sign the deal with China within the first half of this year and implement it as rapidly as possible
by getting approval from the parliament. The deal, now written only in English,
will be translated into native languages of the two countries before it is
officially signed.


The ministry said the country would use the FTA with China as new growth engine as the pact would allow South Korea to make inroads into China. It said
the Chinese economy expands more than 7 percent each year.


"China is turning from the world's factory to the world's ( consumer) market. Chinese consumers want high value-added products based on state-of-the-art
technologies nike air max tn sort , not products simply assembled with parts," Han Jae-Jin, senior research fellow at the Hyundai Research Institute, said in a
telephone interview.


"(South) Korea-China FTA should act as a chance for both countries to strengthen cooperation in developing high value-added industries to meet such
demand. (South) Korea should come up with how to create and develop high
value-added industries during the 20-year grace period nike air max tn danmark ," said Han.

Under the accord, South Korea will eliminate tariffs on 92 percent of all products from China within 20 years after the FTA implementation in return for
China abolishing tariffs on 91 percent of all South Korean goods.


The 20-year grace period came as Beijing and Seoul shared a view that it needs time before completely opening markets to minimize possible damages to the
industries of both countries.


China and South Korea have changed their trade focus from low value-added industries to advanced sectors, but both sides need more advancement in each
industry structure. By jointly developing high value-added industries during the
grace period, the FTA would become a win-win solution for the two
nations nike air max 97 herre , the researcher said.

According to data from the Korea International Trade Association (KITA), trade product between China and South Korea has changed from low value-added to
high value-added ones.


In 1992, when the two countries forged diplomatic ties, steel plate was South Korea's largest export product to China with the former's annual export of
steels to the latter amounting to 420 million U.S. dollars. It was followed by
synthetic resins with 300 million dollars in exports.


In 2013 nike air max 97 sort og hvid , semiconductor was South Korea's largest export product in trade with China. South Korea exported chips worth 21.67 billion
dollars to China, accounting for about 15 percent of the former's total
shipments to the latter, the KITA data showed. It was trailed by flat screens
and sensors worth 18.56 billion dollars of exports.


Statistics from the Export-Import Bank of Korea show that from 1992 to 2013, direct investment of South Korean companies in China 's electric air max 97 blå , electronic and chip industries surged about 190 times from 17 million dollars to 3.1 billion dollars. During the same period, direct
investment in China's auto and auto parts sectors jumped from 6.3 million
dollars to 476.4 million dollars.


Technology cooperation has increased. Joint research projects between the two countries rose from 39 in 2005 to 186 in 2011, according to the Hyundai Research
Institute.


Trade between China and South Korea kept rising from 6.4 billion dollars in 1992 to 228.9 billion dollars in 2013. China has been South Korea's biggest
trading partner since 2004.

Business > Small BusinessReasons for choosing Quickbooks for small Business
Posted by myaccountsconsultant in Business on November 16th, 2016

Quickbooks is the choice of small scale businesses across the globe. Over the years air max 97 silver tilbud , My accounts Consultants has worked with many clients and have dealt with many softwares in order to provide the best
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