Vietnam, RoK hold round talks for FTA
Vietnam and the Republic of Korea began a fresh round of
negotiations for a bilateral free trade agreement (FTA) in Seoul on
May 20, in a joint effort to reach the signing of the document by the
end of this year.
Vietnam and the Republic of Korea began a fresh round of
negotiations for a bilateral free trade agreement (FTA) in Seoul on
May 20, in a joint effort to reach the signing of the document by the
end of this year.
During the fifth round, which will last till May 23, the two sides will have an in-depth discussion on goods, services, investment, and customs procedure, according to the RoK Ministry of Trade, Industry and Energy.
The higher-level bilateral FTA with Vietnam, which will exceed the one with ASEAN, will help strengthen the trade links between the two countries, the ministry said.
At the 2013 Summit, Vietnam and the RoK agreed to wrap up the negotiations by the end of the year after starting the bilateral FTA talks in November 2012.
The RoK already signed a free trade pact in March with the Association of Southeast Asian Nations (ASEAN), of which Vietnam is a member.
In 2013, Vietnam was the ninth largest trade partner of the RoK, with two-way trade reaching 28.26 billion USD. It attracted 1.46 billion USD from Korean investors the same year.-VNA
During the fifth round, which will last till May 23, the two sides will have an in-depth discussion on goods, services, investment, and customs procedure, according to the RoK Ministry of Trade, Industry and Energy.
The higher-level bilateral FTA with Vietnam, which will exceed the one with ASEAN, will help strengthen the trade links between the two countries, the ministry said.
At the 2013 Summit, Vietnam and the RoK agreed to wrap up the negotiations by the end of the year after starting the bilateral FTA talks in November 2012.
The RoK already signed a free trade pact in March with the Association of Southeast Asian Nations (ASEAN), of which Vietnam is a member.
In 2013, Vietnam was the ninth largest trade partner of the RoK, with two-way trade reaching 28.26 billion USD. It attracted 1.46 billion USD from Korean investors the same year.-VNA
You should also see
Vietnam attends international security meeting in Russia
A Vietnamese delegation led by Minister of Public Security General To Lam is attending the 12th International Meeting of High Representatives for Security Issues in Russia’s St. Petersburg city from April 23-25.
See more
Business
Vietnamese canned sugarcane juice favoured in US
The first cases of Vietnamese canned sugarcane juice have hit supermarket shelves in Miami, the US state of Florida.
Business
Labels on foods exported to Singapore must be accurate: Trade counselor
Counsellor Cao Xuan Thang, head of the Vietnam Trade Office in Singapore, has advised Vietnamese exporters to pay attention to labeling pre-packaged food products to ensure their credibility and image of businesses when exporting to the Singaporean market.
Business
April 25 gold bullion auction cancelled
The State Bank of Vietnam (SBV) has announced that it canceled the gold bullion auction scheduled for April 25 morning as only one business submitted its bidding form.
Business
High airfares create chance for short-distance trips for Reunification Day holiday
Due to a hike of air ticket prices for domestic flights, Vietnamese tourists are turning to short-distance trips for the upcoming National Reunification Day (April 30) and May Day (May 1) holidays.
Business
Phu Yen, Ninh Thuan attractive to energy project developers
The south-central coastal provinces of Phu Yen and Ninh Thuan have become attractive destinations for investors operating in the energy industry thanks to great potential for renewable energy development.
