China and the Republic of Korea have completed the seventh round of free trade agreement talks, completing the first stage of negotiations.

The Ministry of Commerce said that the talks were co-chaired by Yu Jianhua, deputy China international trade representative of Ministry of Commerce, and Woo Tae-hee, South Korea's assistant trade minister.

The two parties have reached agreements on coverage by FTA agreements, reaching a consensus on trade in goods, the agreement's scope, principles and frameworks for the next round of talks.

The eighth round of talks will be held in the Republic of Korea later this year.