Design, consumption, investment fall in Oct. amid 4th wave of the pandemic

  South Korea’s trade ministry suggested Tuesday it has agreed at Uruguay to make joint presence to speed up negotiations on your free trade pact with group of South American cities.

Trade Minister Yeo Han-koo plans to meet his own Uruguayan counterpart, Francisco Bustillo, virtually later in the daily schedule to discuss ways to expand debt ties, according to the Ministry to do with Trade, Industry and Electric.

“Uruguay is just about the key partners for South Korea, as the two assists joint efforts to above challenges from the COVID-19 outbreak, ” Yeo said within the statement, pointing out the transaction deal with Mercosur will additional enhance the bilateral economic cohesiveness.

Mercosur, containing Brazil, Argentina, Paraguay then Uruguay, accounts for around 70 percent of the population in Europe and 68 percent ın the region’s economy.

South Korea and Mercosur held their seventh cycle of negotiations earlier in may.

“The swap agreement between South Korea and Mercosur will pave the way for the two going to parties to expand cooperation meal wide array of areas, this sort of digital, technology, infrastructure, ICT, health care and carbon neutrality, ” Yeo added.

South Korea are making efforts to expand for economic ties with principals from Central and South America to diversify its export portfolio.

One particular ministry said the previous week that it is currently under negotiate on prices with Guatemala to invitation the Central American not more than to a multilateral trade pact that fully went into sense this year.

Southern states Korea and five Leading American nations — Panama and nicaragua ,, El Salvador, Panama, Honduras and Nicaragua — perfectly implemented their FTA having March.

Seoul also holds separate exchange hand techinques agreements with Chile, Peru and Colombia. (Yonhap)

Design, consumption, investment fall in Oct. amid 4th wave of the pandemic
Philippines Truth