Arab Today, arab today s korea vietnam to hold trade negotiations
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

S Korea, Vietnam to hold trade negotiations

Arab Today, arab today

Arab Today, arab today S Korea, Vietnam to hold trade negotiations

Seoul - XINHUA

South Korea and Vietnam are set to hold the first round of negotiations over a two-way free trade agreement, the foreign ministry here said Wednesday. South Korea's trade minister Park Tae-ho and his counterpart Vu Huy Hoang will meet in Seoul next Monday for two-day talks on the scope and terms of the trade pact, which they agreed to forge earlier this month. A joint feasibility study on the trade accord was completed last year. South Korea already has a similar accord with the 10-nation Association of Southeast Asian Nations (ASEAN), where Vietnam is a member, but is seeking a separate trade deal to strengthen the strategic partnership with Vietnam, the ministry said in a statement. Bilateral trade volume between the two countries totaled 18.5 billion U.S. dollar last year.  

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