SEOUL, Jun. 12 (Korea Bizwire) — South Korea’s trade ministry said Wednesday that it has discussed the progress of the bilateral free trade agreement (FTA) with the European Union and asked the economic bloc to address growing regulatory uncertainties for exporters. The meeting of the Committee on Trade in Goods held in Brussels comes in [...]
SEOUL, May 13 (Korea Bizwire) — South Korea’s trade ministry said Monday it has held the first joint committee meeting with Cambodia after their free trade agreement (FTA) took effect and discussed the progress of the deal and ways to cooperate in the global supply chain. Trade Minister Cheong In-kyo met his Cambodian counterpart, Cham [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korea’s trade ministry said Tuesday that Guatemala has formally signed a deal to join Seoul’s free trade agreement (FTA) with a group of Central American nations. The inclusion came around three years after South Korea and five Central American nations — Costa Rica, El Salvador, Panama, Honduras and [...]
SEOUL, Dec. 28 (Korea Bizwire) — South Korea struck a free trade agreement (FTA) with a group of Arab countries Thursday, a move expected to strengthen Seoul’s export competitiveness and boost energy security, the industry ministry here said. South Korea’s Trade Minister Ahn Duk-geun and Secretary General of the Gulf Cooperation Council (GCC) Jassim Muhammad [...]
SEOUL, Dec. 10 (Korea Bizwire) — South Korea plans to hold talks with the six member states of the Gulf Cooperation Council this week in Saudi Arabia in the latest effort to work out differences to forge a free trade agreement, the industry ministry said Sunday. The chief delegate talks — which will be led [...]
SEOUL, Oct. 12 (Korea Bizwire) — South Korea and Chile discussed ways Thursday to boost bilateral cooperation on a wider range of economic and industry fields as they marked the 20th anniversary of a bilateral tree trade agreement (FTA), Seoul’s industry ministry said. Some 100 government and corporate officials from the two nations held an [...]
SEOUL, April 2 (Korea Bizwire) — South Korean exporting companies saved 6.6 trillion won (US$5.8 billion) due to lower tariffs in 2021 thanks to the country’s free trade agreements (FTAs) with six major economies, including the United States and the European Union, government data showed Sunday. According to the trade data compiled by the Ministry [...]
SEOUL, Dec. 17 (Korea Bizwire) – About 8 in 10 South Korean consumers turned out to have positive attitudes towards the free trade agreements (FTAs) that the country has signed with multiple countries, a consumer watchdog said Wednesday. According to a survey conducted by the Korea Consumer Agency of 3,168 local consumers over the age [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korean fashion firms based in Vietnam are expected to benefit from the free trade agreement (FTA) between the Southeast Asian country and the European Union, which went into effect this month, a report showed Tuesday. “Under the agreement, clothes producers based in Vietnam can enjoy the benefit of [...]
SEOUL, July 30 (Korea Bizwire) — South Korea has reported a surplus in trade with countries with which it signed free trade pacts, data showed Thursday, in a sign that such deals help Seoul cushion the negative impact of the coronavirus pandemic. According to the data by the Korea Customs Service (KCS), South Korea posted [...]