For the people of the two countries, once the FTA comes into effect, they can buy high-quality and cheap goods from the other country without going abroad. At present, China is South Korea's largest trading partner, and South Korea is China's third largest trading partner. After the FTA is reached, after a transition period of 20 years, the liberalization ratio of goods trade between the two sides will exceed "90% tax items and 85% trade volume". With the improvement of openness, there will be more and more kinds of goods for people to choose from, and the prices will be more and more favorable.

In particular, Korean cosmetics, clothing, rice cookers, floor-wiping robots and other goods, which are widely favored by China consumers, will have the opportunity to enter the homes of ordinary people. On the contrary, cheap "Made in China" will also enter the daily life of Korean people.

According to the negotiation results announced by the Ministry of Commerce of China in June last year, 5438+065438+ 10, the scope of the agreement covers goods trade, service trade, investment, rules and other areas 17. Therefore, in addition to buying these tangible things, people can also enjoy quality service.

For example, Korean travel agencies in China are allowed to attract tourists, which means that tourists who need to travel to Korea can get more travel advice and better services through Korean travel agencies in China. In addition, doctors with Korean medical licenses can also practice medicine in China for a short period, which is expected to be gradually extended from 6 months to 1 year. China people who need plastic surgery in the future may enjoy the "home service" of Korean plastic surgeons without going abroad.

With the entry into force of the FTA, it is expected that Korean-made smart phones, laptops, cosmetics and small household appliances will become hot-selling products in China market. Labor-intensive products and intermediate products such as handicrafts, clothing and food produced in China will quickly occupy the Korean market by virtue of their price advantages.

However, with the adjustment of China's industrial structure and the maturity of China's market, the gap between China and South Korea will gradually narrow. Both countries will devote themselves to investing in high value-added industries and align with the upstream of global value chains. Therefore, the China-South Korea FTA is both an opportunity and a challenge for enterprises of the two countries.

For Korean enterprises, the China market with a population of 65.438+37 billion is undoubtedly the biggest opportunity. The lowering of China's market entry threshold and the loosening of the system will make it easier for Korean enterprises to enter the China market. But whether Korean enterprises can really win the China market depends on the potential of "Made in Korea".

For China enterprises, on the one hand, they can learn advanced technology from South Korea, and at the same time, they can use the geographical advantages of China and South Korea and the background of similar cultural circles to make the South Korean market a test center and platform for China's new products to be introduced to the world.

Although some people worry that the opening of the market will impact the weak areas of the country to a certain extent, there is no doubt that the benefits brought by the China-South Korea FTA far outweigh the disadvantages.