S. Korea, Phillipines agree to pursue bilateral FTA negotiations
Arirang News
2019-04-18
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'수교 70주년' 한국•필리핀 FTA 추진 합의
This year, South Korea and the Philippines are celebrating 70 years of diplomatic relations.
And in light of that anniversary, they've decided to pursue a bilateral free trade agreement.
South Korea's trade minister Yoo Myung-hee, in Manila on Wednesday,... said she and her counterpart there had agreed to strengthen their ties in economy and trade.
They decided to finalize their negotiations in time for November... when the ASEAN-Korea Commemorative Summit will take place in Busan.
Bilateral trade last year between South Korea and the Philippines reached 15-point-6 billion U.S. dollars,... making the Philippines South Korea's fifth-biggest trading partner among the ASEAN member countries.
The South Korean government said... a bilateral FTA would help to expand Korea's trade and investment.
This year, South Korea and the Philippines are celebrating 70 years of diplomatic relations.
And in light of that anniversary, they've decided to pursue a bilateral free trade agreement.
South Korea's trade minister Yoo Myung-hee, in Manila on Wednesday,... said she and her counterpart there had agreed to strengthen their ties in economy and trade.
They decided to finalize their negotiations in time for November... when the ASEAN-Korea Commemorative Summit will take place in Busan.
Bilateral trade last year between South Korea and the Philippines reached 15-point-6 billion U.S. dollars,... making the Philippines South Korea's fifth-biggest trading partner among the ASEAN member countries.
The South Korean government said... a bilateral FTA would help to expand Korea's trade and investment.
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