RoK’s imports of Vietnamese farm produce soars after 2015 FTA

The Republic of Korea (RoK)’s imports of Vietnamese agricultural and livestock products rose by 34 percent in two years since the two countries’ free trade agreement took effect in December 2015.

Sunday, January 21, 2018 16:39

RoK’s imports of Vietnamese farm produce soars after 2015 FTA ảnh 1

Illustrative image (Source: VNA)

Seoul (VNA) – The Republic of Korea (RoK)’s imports of Vietnameseagricultural and livestock products rose by 34 percent in two years since thetwo countries’ free trade agreement (FTA) took effect in December 2015.

According tothe data compiled by the Korea Rural Economic Institute (KREI), the RoKimported 980 million USD worth of farm and livestock products from Vietnam in2017, compared with 730 million USD in 2015.

Vietnamesegoods accounted for 3.5 percent of the RoK's total farm and livestock importslast year, compared with 2.8 percent in 2015.

Two-waytrade between the two countries has risen since the FTA went into effect inDecember 2015, making Vietnam the fourth largest trading partner of theRepublic of Korea.

The KREIpredicted that the pace of growth in the RoK’s imports of Vietnamese farmproducts is expected to quicken over the bilateral trade deal.-VNA

VNA

#RoK imports of Vietnamese agricultural and livestock products #RoK imports of Vietnamese farm produce #Korea Rural Economic Institute #Vietnam farming industry #Vietnam farming exports #Vietnam #vietnam news Agency Korea (RoK)

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