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The Department of Commerce of South Korea announced that this country will begin to negotiate with the Pacific Alliance to become an associate member of the Latin American economic bloc before it ends Year
South Korean Trade Minister Kim Hyun-chong agreed to start talks with the four bloc members – Mexico, Chile, Colombia and Peru – at the organization's summit held this week in the coastal city of Puerto Vallarta Mexico
Seoul has already signed free trade agreements with Chile (TLC), Colombia and Peru, so that the partnership agreement with the Pacific Alliance aims primarily at better access to the Mexican market.
"Although South Korea is one of the 10 largest exporting countries, South Korean companies suffer from a disadvantage compared to United States [1945] 9004] Union European or Japan in the absence of a free trade agreement, "said Kim.
" The agreement to achieve partnership with l & # 39; 39 Pacific Alliance is important because it paves the way "The talks between the Asian country and Mexico for the signing of an FTA were blocked in 2008 due to the reluctance of some sectors to However, the remarkable increase in the volume of trade between the two parties and the South Korean investment in Mexican lands now underscore the need to improve the framework. bilateral regulatory framework. (With EFE information)
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