business issues.
Zhao Zhongxiu, a trade professor at the University of International Business and Economics in Beijing, said the FTA will become South Korea's most significant trade pact because China is already its largest trading partner.
South Korea has set a goal of bilateral trade with China of $300 billion in 2015.
China is one of the world's fastest-growing economies, whose GDP expands more than 7 percent each year, the South Korean ministry said, noting that South Korea has gained a chance to make inroads into the large, fast-growing market by initialing the pact.
