Central America starts negotiations for an FTA with South Korea

Several years after conversations began, Central America and South Korea finally started the formal negotiations for a free trade agreement.

Friday, June 19, 2015

From a statement issued by the Government of Guatemala:

In Houston, Texas, the Minister of Economy of Guatemala, Sergio de la Torre, and his Central American counterparts in charge of foreign trade, met with Korean Minister of Commerce, Industry and Energy Yoon Sang-Jick, to start negotiating the Free Trade Agreement between the Republic of Korea and the Central American republics.

Guatemala, June 18, 2015. In order to establish a High Level Working Group, Central American delegations headed by the Ministers of Foreign Trade, met this morning with a delegation of officials from the Republic of Korea (South Korea) in the City of Houston, US Texas.

The Minister of Economy, Sergio de la Torre said that "soon formal negotiations will start for an FTA between Central America and Korea. We are taking advantage of the visit by the Korean officials to the US and we are meeting in order to take these first steps to establish a trade agreement with this important economy in the East, which has a market of over 49 million people with high purchasing power. "

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