News S. Korea to Seek More FTAs with Emerging Countries
The government says it will sign free trade agreements(FTA) with more countries in an effort to diversify markets in the face of trade risks from the U.S. and China.
The Ministry of Trade, Industry and Energy revealed the plans in a meeting with a civilian advisory committee in Seoul on Tuesday.
In the meeting, the panel called on the government to counter increasing trade pressure from the U.S. and China by signing trade deals with emerging countries that have great growth potentials.
In response, the ministry announced its plan to expand the nation’s free trade network by finalizing trade pacts with emerging countries in Latin America, Asia and the Middle East. Noting that seven new trade deals have gone into effect under the current government, the ministry added that the aggregate gross domestic product(GDP) of the FTA partners accounted for 77 percent of the gross world product in 2016, a surge from 55 percent four years earlier.
It said that the government will soon formally finalize a free trade agreement with a group of Central American countries. South Korea recently signed a tentative trade treaty with Costa Rica, El Salvador, Nicaragua, Honduras and Panama.
The government also plans to strike a trade deal with Israel and Ecuador within this year.
Source: world.kbs.co.kr
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200