Seoul officially signs FTA with Central American nations
- 6 years ago
After a nearly three years of negotiations, South Korea has officially signed its free trade agreement with five central American countries.
Seoul's trade minister Kim Hyun-jong says the trade pact with Costa Rica, El Salvador, Honduras, Nicaragua, and Panama will help create a comprehensive, strategic partnership with Central American nations.
South Korea is the first Asian country to sign a trade deal with Central America.
It's expected to boost two-way exchanges in goods and services and help South Korean companies advance into the region.
The deal will go into force after the National Assembly approves it.
Seoul's trade minister Kim Hyun-jong says the trade pact with Costa Rica, El Salvador, Honduras, Nicaragua, and Panama will help create a comprehensive, strategic partnership with Central American nations.
South Korea is the first Asian country to sign a trade deal with Central America.
It's expected to boost two-way exchanges in goods and services and help South Korean companies advance into the region.
The deal will go into force after the National Assembly approves it.