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S. Korea, New Zealand to hold 3rd round of free trade talks next week
SEOUL, Dec. 9 (Yonhap) -- South Korea and New Zealand will hold their third round of free trade negotiations in Seoul next week, the trade ministry said Wednesday.
Both sides will discuss key issues such as tariff concessions, services and investment during the five-day session that starts on Monday, according to the ministry.
Trade between the two countries reached U$1.95 billion in 2008, making New Zealand 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, according to government data.
South Korea has free trade agreements with Chile, Singapore and the European Free Trade Association, as well as a similar pact with the Association of Southeast Asian Nations.
South Korea initialed a free trade accord with the European Union in October. The country also wrapped up a free trade deal with the United States in June 2007, but it still awaits legislative approval from both countries.
South Korea is also seeking similar trade deals with Australia, Canada and Mexico.
sam@yna.co.kr
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