Israel set to sign free trade pact with South Korea
Agreement is regional first for both the Mideast and Asian countries; foreign and economy ministers to attend signing ceremony in Seoul this week, will also meet with leading members of Korean business world, including Samsung, Hyundai execs
Reuters |
Published: 05.09.21 , 15:12
Israel will sign a free trade agreement with South Korea this week, marking the first such arrangement with an Asian market, the Economy Ministry said Sunday.
The agreement is also South Korea s first with a country in the Middle East.
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(Photo: Shutterstock)
The deal, meant to bolster bilateral trade by cutting out customs duties and offering safety nets on investments, will be signed this week in Seoul during a visit by Foreign Minister Gabi Ashkenazi and Economy Minister Amir Peretz.
Israel
Sunday, May 9, 2021 at 7:57 am | כ ז אייר תשפ א
YERUSHALAYIM (Reuters) -
Foreign Minister Gabi Ashkenazi. (Olivier Fitoussi/Flash90)
Israel will sign a free trade agreement (FTA) with South Korea this week, marking the first such arrangement with an Asian market, Israel‘s economy ministry said on Sunday.
Foreign Minister Gabi Ashkenazi is set to fly to Seoul on Sunday, and will be accompanied by Economy Minister Amir Peretz. The two Israeli officials are scheduled to participate in a signing ceremony with senior Korean government officials during an official three-day visit. The FTA is also South Korea’s first with a country in the Middle East.
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Labor party leader Merav Michaeli votes in the party primaries on February 1, 2021. (Courtesy of the Labor Party)
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