South Korea, Indonesia expected to finalize free-trade agreement by end of 2013

Posted on October 17, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

South Korean and Indonesian businesses inked more than $4 billion in trade deals Friday as Korean President Park Geun-Hye lobbied to fast track a free-trade agreement with Southeast Asia’s top economy.

Indonesia and Korea have agreed to more than treble trade from US$29.6 billion (S$36.9 billion) in 2012, and both governments have expressed hope of finalising a free-trade agreement by year-end. “We need a firm institutional framework if South Korea and Indonesia are to achieve the goal of expanding trade volume to $100 billion by 2020,”.

http://www.malaysiasun.com/index.php/sid/217787593/scat/303b19022816233b#sthash.q3ZQmt84.dpuf