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SOUTH KOREA, NEW ZEALAND START FREE TRADE TALKS.
SEOUL, June 8 Asia Pulse - South Korea and New Zealand began 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.
"I expect discussions this time to help both sides conclude a free trade deal at an earlier date," Kim Hae-yong, Seoul's chief negotiator for the talks, said before starting the negotiations that run through Friday.
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 US$825 million last year to the island nation, ...
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Source: HighBeam Research, SOUTH KOREA, NEW ZEALAND START FREE TRADE TALKS.