China and the Republic of Korea (ROK) have agreed to speed up the research phase of the proposed China-ROK free trade area (FTA).The agreement was announced after Premier Wen Jiabao met with ROK President Roh Moo-hyun on the sidelines of the East Asia Summit.
Wen said China and the ROK are friendly neighbours and share a common interest in promoting regional peace and development, adding that both countries play lead roles in maintaining stability on the Korean Peninsula.
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