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SOUTH KOREA, NEW ZEALAND TO START FREE TRADE TALKS.
SEOUL, June 8 Asia Pulse - South Korea and New Zealand were set to hold their first round of free trade negotiations in Seoul on Monday following the conclusion of similar negotiations with Australia, Seoul's trade ministry said.
The move is a follow-up measure to an agreement between South Korean President Lee Myung-bak and New Zealand Prime Minister John Key during their meeting in March.
Trade between the two countries reached U$1.95 billion in 2008, with New Zealand being South Korea's 48th largest trading partner.
South Korea exported goods worth $825 million last year to the island nation, and imported $1.12 billion worth of goods.
Korea imports mainly beef and dairy goods from New ...
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Source: HighBeam Research, SOUTH KOREA, NEW ZEALAND TO START FREE TRADE TALKS.