(MENAFN- Qatar News Agency) ijing April 12 - China's Prime Minister Li Keqiang called on China and the Republic of Korea to speed up their negotiation on a bilateral free trade area. The negotiation has entered a key stage and China hopes the two sides can speed up the process and reach an agreement with balanced interests as early as possible so as to benefit the two peoples Li said. Li made the remarks in a meeting with South Korea's prime minister Chung Hong-won on the sidelines of the annual conference of the Boao Forum for Asia held in south China's Hainan province Xinhua news agency reported. Chung echoed Li saying his country will join hands with China to further strengthen their cooperation in all areas push forward the FTA negotiation process and promote the development and prosperity of the two countries. China and South Korea officially began their negotiations on an FTA in 2012. The negotiation process includes pattern bargaining and price negotiation. The two sides finished pattern bargaining in September 2013. Hailing the smooth development of China-ROK relations featuring political mutual trust economic reciprocity and deepening cultural exchanges Li said China is ready to work with the ROK for closer engagement and to expand their cooperation in areas such as trade education technology culture and tourism
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