Turkey and South Korea to sign free trade agreement this week.

By bne IntelliNews July 31, 2012
The governments of Turkey and South Korea will sign a free trade agreement on August 1 in Ankara, economy minister Zafer Caglayan announced. 93% of Turkish goods currently exported to South Korea will enjoy duty-free treatment after the agreement takes effect and Turkish exporters will be able to compete with the same conditions as US and EU exporters in South Korean market, Caglayan said. Turkeys exports to South Korea amounted to USD 528.5mn or 0.4% of Turkeys total exports in 2011 while imports from South Korea was USD 6.3bn or around 3% of Turkeys total imports.

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