South Korea and Peru signed the deal in March. The pact, which does not require an endorsement from the Peruvian parliament, calls for both countries to eliminate all tariffs within 10 years after it takes effect.
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Home > National > Politics/Diplomacy
2011/06/29 20:44 KST
National Assembly passes S. Korea-Peru FTA bill
SEOUL, June 29 (Yonhap) -- The National Assembly on Wednesday passed a bill on South Korea's free trade agreement (FTA) with Peru, paving the way for trades and investments between the countries to increase.
South Korea and Peru signed the deal in March. The pact, which does not require an endorsement from the Peruvian parliament, calls for both countries to eliminate all tariffs within 10 years after it takes effect.
South Korea and Peru signed the deal in March. The pact, which does not require an endorsement from the Peruvian parliament, calls for both countries to eliminate all tariffs within 10 years after it takes effect.
