China-ROK FTA to change Asia-Pacific economy

The free trade agreement (FTA) signed between China and South Korea is expected to help Beijing negotiate more trade pacts with countries included in the "Belt and Road" initiatives, says former Chinese vice commerce minister Wei Jianguo.

Wei, who currently serves as the secretary-general of the China Center for International Economic Exchanges, said the China-South Korea FTA will boost trade between the two countries and speed up economic growth in the Asia-Pacific region.