Korea signs free trade pact with Philippines
Korea's Trade Minister Ahn Duk-geun, front right, shakes hands with his Philippine counterpart, Alfredo Pascual, after signing the Korea-Philippines free trade agreement in Jakarta, Indonesia, Thursday (local time), with President Yoon Suk Yeol and Philippine President Bongbong Marcos in attendance. YonhapSeoul to offer help with Jakarta's 2039 nuclear power project By Nam Hyun-wooJAKARTA ― Korea and the Philippines signed a free trade agreement, Thursday, marking the fifth bilateral free trade pact Seoul inked with a member of the Association of Southeast Asian Nations (ASEAN).Following the pact, Korea and the Philippines will remove tariffs on approximately 95 percent of items traded between the two sides. In particular, duties on Korean cars and automotive parts will be lifted, opening up a lucrative market for Korean carmakers.Korea's Minister for Trade Ahn Duk-geun and Philippines' Secretary of Trade and Industry Alfredo Pascual signed to the FTA at a summit between President Yoon Suk Yeol and his Filipino counterpart Bongbong Marcos in Jakarta. The two countries reached agreeme
Sep 7, 2023By Nam Hyun-woo