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S. Korea Strikes FTA with Gulf Cooperation Council

S. Korea Strikes FTA with Gulf Cooperation Council

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 [...]

S. Korea, Chile Discuss Ways to Boost Economic Ties Marking 20th Anniv. of FTA

S. Korea, Chile Discuss Ways to Boost Economic Ties Marking 20th Anniv. of FTA

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 [...]

S. Korean Exporters Saved 6.6 tln Won on Lower Tariffs from FTAs in 2021: Data

S. Korean Exporters Saved 6.6 tln Won on Lower Tariffs from FTAs in 2021: Data

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 [...]

On 15th Anniv. of S. Korea’s 1st FTA, Consumers Acknowledge Positive Effect

On 15th Anniv. of S. Korea’s 1st FTA, Consumers Acknowledge Positive Effect

SEOUL, Oct. 22 (Korea Bizwire) — More than 6 out of 10 South Korean consumers think that free trade agreements (FTAs) have had a positive impact on the local market. A survey of 3,000 men and women aged between 25 and 59 by the Korea Consumer Agency showed 67.5 percent of the respondents saying that [...]