Arab Today, arab today s korea agrees free trade pact with colombia
Last Updated : GMT 17:40:59
Arab Today, arab today
Arab Today, arab today

S Korea agrees free trade pact with Colombia

Arab Today, arab today

Arab Today, arab today S Korea agrees free trade pact with Colombia

Seoul - AFP

South Korea said on Tuesday it had agreed a free trade pact with Colombia after 30 months of talks, in what was hailed as a win-win deal for both sides. Visiting South Korean Trade Minister Park Tae-Ho and his Colombian counterpart Sergio Diaz-Granados signed a joint statement declaring the end of negotiations in Bogota Monday. South Korean President Lee Myung-Bak and Colombian President Juan Manuel Santos attended the ceremony, at which the two sides in a joint statement described the pact as "mutually beneficial to both sides". Lee, quoted by Yonhap news agency, said his country would treat Colombia as a gateway to South America while Colombia would use South Korea as a gateway to Asia. An initial agreement is expected to be signed in the second half of this year, removing tariffs on most traded products within a decade after the deal goes into effect. Colombia accounts for only a small part of Korea's trade. Last year, exports made up mainly of cars and car parts totalled $1.61 billion while imports were worth $381 million. But Lee told Colombia's El Tiempo newspaper Sunday he expects South Korea's trade with Colombia to jump fivefold over the next five years once the deal is in force. South Korea has signed an extensive range of free trade deals to support its export-dominated economy. It has pacts with the United States, the European Union, India, the Association of Southeast Asian Nations, Singapore, Peru, Chile and the European Free Trade Association (Liechtenstein, Iceland, Norway, and Switzerland).

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today s korea agrees free trade pact with colombia Arab Today, arab today s korea agrees free trade pact with colombia

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday