ID :
112432
Thu, 03/18/2010 - 22:09
Auther :
Shortlink :
http://m.oananews.org//node/112432
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SOUTH KOREAN MINISTER HINTS FREE TRADE AGREEMENT WITH TURKEY
KOCAELI (A.A) - 18.03.2010 - South Korea's foreign trade minister has sounded upbeat over a possible free trade agreement with Turkey this year.
"A free trade agreement would boost business between the two countries and I guess that we could sign it this year," Jong-Hoon Kim told reporters after visiting South Korean car maker Hyundai's plant in the northwestern province of Kocaeli.
South Korea signed a free trade agreement with the European Union last year, Jong-Hoon said, adding that a similar deal with Turkey would also bring more South Korean investments into Turkey.
The South Korean minister is set to meet on Friday with his Turkish counterpart Zafer Caglayan.
Trade volume between the two countries in 2009 was $3,350 million as trade balance was against Turkey with $2,281 million.
Turkey's exports to South Korea last year totaled some $234.8 million.
"A free trade agreement would boost business between the two countries and I guess that we could sign it this year," Jong-Hoon Kim told reporters after visiting South Korean car maker Hyundai's plant in the northwestern province of Kocaeli.
South Korea signed a free trade agreement with the European Union last year, Jong-Hoon said, adding that a similar deal with Turkey would also bring more South Korean investments into Turkey.
The South Korean minister is set to meet on Friday with his Turkish counterpart Zafer Caglayan.
Trade volume between the two countries in 2009 was $3,350 million as trade balance was against Turkey with $2,281 million.
Turkey's exports to South Korea last year totaled some $234.8 million.
