Free Trade Agreement Between The Republic Of Korea And The Republics Of Central America

On April 9, 2021 by heart

On 18 June 2015, six Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama) and Korea began negotiations for a free trade agreement. The first round of negotiations on the Korea-Korea Free Trade Agreement took place from 21 to 25 September 2015 in Seoul, Korea. The second round of free trade negotiations took place from 23 to 27 November 2015 in San Salvador, El Salvador. The third round of free trade negotiations between Central America and Korea took place from 22 to 26 February 2016. The fourth round of negotiations between the parties was held in Tegucigalpa, Honduras, on 23 and 27 May 2016. Central and South Korea met on 16 August 2016 in Seoul for the fifth round of negotiations. The sixth round of negotiations took place from 26 to 30 September 2016 in Managua, Nicaragua. The seventh round of negotiations began on 24 October 2016. Central America and the Republic of Korea concluded negotiations for a free trade agreement on November 16, 2016 in Managua, Nicaragua. On 13 and 17 February, Central and South Korea carried out a legal review of the texts of their free trade agreement. The trade agreement between Central America and South Korea established preferential conditions that continue to lead to deepening trade relations and trade opportunities between these two highly complementary economies. s.

Korea`s Trade Minister Yoo to discuss WTO It is also important to note that in addition to an increase in trade in goods and services, Central America – The Free Trade Agreement between South Korea aims to create new trade relations for both sides. In particular, the governments of Costa Rica and South Korea have encouraged bilateral investment opportunities for entrepreneurs and women in both countries. Sectors related to metallurgical mechanics, tires, plastics, chemicals and electricity in Costa Rica have requested that their products not comply with negotiations on a regional trade agreement with the Asian tiger. Dairy products and certain metal processing products, plastics, tires and wood were excluded from the Central American-China trade agreement. On 18 June 2015, six Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama) announced the opening of free trade negotiations with South Korea. Currently, the free trade agreement is being approved in Honduras National Kongress. Once adopted, this treaty will enter into force and the main objective is to promote the expansion of the domestic market and to provide domestic producers of melons, shrimp, lobsters, vegetables, sugar, textiles and automotive crockery with preferential access to the Korean market. On the other hand, the Republic of Korea would benefit from preferential duties on imports of aloe vera beverages, high-tech products, vehicles and electrical appliances. IiA Mapping Project The IIA Mapping Project is a cooperative initiative between UNCTAD and universities around the world to represent the content of II A. The resulting database serves as a tool to understand trends in CEW development, assess the prevalence of different policy approaches, and identify examples of contracts.

The Mapping of IIA Content allows you to browse the results of the project (the page will be regularly updated as new results become available). Please quote: UNCTAD, Mapping of IIA Content, available at investmentpolicy.unctad.org/international-investment-agreements/iia-mapping More information: Mapping Project Description – Methodology document South Korean trade minister Yoo Myung-hee is expected to …

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