South Korea hopes to seal free trade deals with GCC this yearEmirates News Agency
04 January, 2010
South Korea wants to conclude free trade deals with a group of six oil-producing Gulf states and Peru within this year, South Korean Trade Minister Kim Jong-hoon told the Yonhap News Agency on Monday.
South Korea and the six nations, including UAE, have held three rounds of free trade negotiations so far.
"Both sides have sought to conclude the deal during last year but we will be able to reach agreements on key issues within this year," Kim said in an interview with Yonhap.
Kim also said the country will be able to conclude a similar trade deal with Peru within this year. South Korea also has held four rounds of free trade negotiations with Peru.
Currently, South Korea has free trade agreements with India, Chile, Singapore and the European Free Trade Association, as well as a pact with the Association of Southeast Asian Nations and India.
related article ~
S Korea to rank top in foreign reserve growth this year: IMF
