S. Korea-Turkey FTA to take effect Aug. 1 covering services and investment
- 6 years ago
A new free trade agreement will take effect this Wednesday between South Korea and Turkey... covering the service and investment sectors.
This will expand the their existing trade pact which was limited only to goods.
The two countries signed the expanded agreement back in 2015… but South Korea's trade ministry says its implementation was delayed by negotiations over amendments.
The ministry says the new deal will not only promote trade but also encourage more South Korean companies to do business in Turkey's fast-growing economy -- it grew by more than 7 percent last year.
Most of its market will be opened to Korean business,... including the construction and culture industries.
This will expand the their existing trade pact which was limited only to goods.
The two countries signed the expanded agreement back in 2015… but South Korea's trade ministry says its implementation was delayed by negotiations over amendments.
The ministry says the new deal will not only promote trade but also encourage more South Korean companies to do business in Turkey's fast-growing economy -- it grew by more than 7 percent last year.
Most of its market will be opened to Korean business,... including the construction and culture industries.