News Tags

Related Keywords: between Colombia and Korea, Bilateral free trade agreement, bridge to Latin America for Korean enterprises, enhance level of economic cooperation, entered into force, for joint ventures, KITA, knock down tariffs on over ninety six percent of goods, promising sectors includes textiles, serve as a gateway to Asia-Pacific for Colombian firms

The bilateral free trade agreement between Colombia and Korea entered into force which will serve as a gateway to Asia-Pacific for Colombian firms and a bridge to Latin America for Korean enterprises, signaling an enhanced level of economic cooperation in the future, according to the Korea International Trade Association.

Related Keywords: Bilateral free trade agreement, clothing and carpets, Japan and Turkey, strengthen economic cooperation, textile products, Turkey exports

First round of negotiations for a bilateral free trade agreement between Japan and Turkey started on Monday with the aim to further strengthen their economic cooperation.

Japan wants to quickly seal an agreement with Turkey after the country signed a free trade deal with South Korea last year that could undermine Japan’s competitiveness in exports.

The meeting, to be held over two days in Tokyo, follows an agreement reached in January between Prime Minister Shinzo Abe and then-Prime Minister Recep Tayyip Erdogan, now Turkey’s president, to launch FTA negotiations this year.