South Korea and Indonesia will hold a fresh round of negotiations for a bilateral free trade agreement (FTA) here next week, the Seoul government announced Friday. The talks, the fifth of their kind, will be held for six days from Sunday in Seoul, according to the Ministry of Trade, Industry and Energy. The negotiations for what is called a comprehensive economic partnership agreement (CEPA), a de facto FTA, were launched in March 2012 with their fourth round held July in Indonesia's Bali island. "At the fifth round of meeting, the two countries plan to hold in-depth discussions on all related sectors, such as products, service, investment, customs, regulations and cooperation, for progress in their negotiations," the trade ministry said in a press release. Indonesia is part of the 10-member Association of Southeast Asian Nations, with which South Korea already has an FTA. A bilateral trade deal will help enhance South Korea's economic relations with the Southeast Asian state, ministry officials said earlier. As of 2012, Indonesia was South Korea's eighth largest trading partner, with the trade volume reaching US$29.6 billion, according to the ministry. Indonesia is also the world's seventh largest destination for South Korean investors.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor