Sun 23-10-2022 12:52 PM
SEOUL, 23rd October, 2022 (WAM/Yonhap) — South Korea and a group of Arab countries will hold another round of negotiations for their free trade deal next week, Seoul’s trade ministry said Sunday.
South Korea and the Gulf Cooperation Council (GCC) will begin the sixth round of official talks for a bilateral free trade agreement (FTA) in Seoul on Monday for a five-day run, according to the Ministry of Trade, Industry and Energy.
Various issues will be on the table during the upcoming meeting, including goods and services trading, country of origin, digital trade and intellectual property rights, the ministry said.
South Korea and the GCC resumed FTA negotiations earlier this year following a 13-year hiatus, with two related sessions held in March and June, respectively.
The two sides agreed to push for a trade deal in 2007 and had three rounds of talks between 2008 and 2009. But their negotiations had stalled as the council announced a suspension in 2010.
Trade volume between the two sides came to US$46.6 billion in 2020, according to government data.
Tariq Al Fahaam
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
