Sunday 7 March 2021

South Korea, Central America Conclude Trade Negotiating Round

(Prensa Latina) The Fifth Negotiating round for the Central America, South Korea Free Trade Treaty (FTT)concluded in this capital, this weekend, with the closure of four parts of the agreement.

South Korea Seeks Deeper Trade Ties with Latin America
South Korea Seeks Deeper Trade Ties with Latin America

An official report released Saturday, added that besides the four chapters agreed there are also progress in two other important matters.

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The points finished after five days of discussions deal with sanitary and phytosanitary measures, technical barriers to trade, rules of origin and competition rules.

In addition, the negotiators advanced in aspects related to tariff reduction programs and the definition for the exchange of products.

To conclude the FTT negotiation, experts have planned two more rounds, one in Nicaragua and one here; although for the moment, the dates are unknown.

Negotiations began in 2015 and so far, they have held meetings in this capital, El Salvador, United States and Honduras, as well as two inter-sectorial meetings in Seoul and Costa Rica.

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The fourth largest economy in Asia became, in the most recent two decades, in an important trading partner of several Latin American countries.

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FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Q24N
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

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