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S. Korea, Six Central American Countries to Meet for Legal Review on FTA

Written: 2017-02-12 14:03:30Updated: 2017-02-13 08:52:53

S. Korea, Six Central American Countries to Meet for Legal Review on FTA

South Korea and six Central American countries will hold a meeting for a legal review on their free trade agreement.

The Ministry of Trade, Industry and Energy said on Sunday that its legal review team on Monday will meet negotiation teams from the six countries for a three-day legal review in San José, Costa Rica.

South Korea, which reached an FTA deal with Costa Rica, El Salvador, Guatemala, Nicaragua, Panama and Honduras on November 16 last year, plans to have an official signing in the first half of this year after conducting a legal review and working on other details.

The seven countries are hoping to review the whole text of the deal on commodities, service investment and place of origin, and produce a final text in the planned meeting.

South Korea’s trade with the six Central American countries reached four billion U.S. dollars in 2015, taking up zero-point-42 percent of South Korea’s total trade.

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