SEOUL-- South Korea and China have reached a deal on their annual fisheries agreement that will set their fishing quota in each other's exclusive waters, the Seoul government said Friday.

The agreement was reached at the 17th round of bilateral talks held in the southwestern Chinese city of Chung Ching on Thursday, according to the Ministry of Oceans and Fisheries.

Under the agreement for 2018, each country will be allowed to send up to 1,500 boats into the other's exclusive economic zone, slightly down from 1,540 boats this year.

The countries also agreed to step up efforts to crack down on Chinese boats' illegal fishing along South Korea's maritime border.

Source: Yonhap News Agency