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China, South Korea commerce ministers meet in Shanghai, agree to speed FTA talks

Chinese Commerce Minister Wang Wentao met South Korean Trade, Industry and Energy Minister Kim Jung-kwan in Shanghai on Nov. 4, on the sidelines of the ninth China International Import Expo. The two sides exchanged views on China-South Korea economic and trade relations and their bilateral free trade agreement, with Wang calling for faster progress on the second phase of FTA negotiations.

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AI take

For RWA and digital-asset watchers, the signal is less about crypto than about the trade plumbing that increasingly shapes cross-border tokenization and settlement corridors between China and South Korea. A faster second-phase FTA could eventually touch services and investment rules, the same layers that govern how tokenized assets and payment rails are treated across borders. Who it affects: platforms and issuers eyeing Korea-China flows. The open question is whether the accelerated talks translate into concrete commitments on services and digital trade, or remain diplomatic language.

Generated by AI for reference only.

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