HONG KONG, June 29 (Yonhap) -- A new trade pact signed between China and Taiwan Tuesday is expected to have a negative impact on South Korean exporters as many of them are competing against Taiwanese companies, experts said.
China and Taiwan agreed to eliminate tariffs on 539 items of Taiwanese goods worth US$13.83 billion. The so-called Economic Cooperation Framework Agreement (ECFA) covers services and investments as well as competition and other issues.
