S. Korea-Colombia trade will grow 5-fold under FTA”: President Lee & E…
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Golden Breaker & Construction Machinery President, David Oh(=Changho, Oh) shook hands with South Korean President Lee Myung-bak at the VIP meeting rooms of Korea Expo 2012, Bogota, Colombia, on 24 June 2012.
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COLOMBIA SOUTH KOREA
South Korean President, Lee Muyng-Bak (c), visits Expo Korea in Bogota, Colombia, on 24 June 2012. Myung-bak said during an interview with local media that the signing of the end of the negotiations of the Free Trade Agreement (FTA) scheduled for Monday in Bogota, his country could be the best partner of Colombia for their participation in the Asia-Pacific region.
South Korean President Lee Myung-bak (L) and his Colombian counterpart Juan Manuel Santos (R) wave after the signing of a document to mark the end of the negotiations of a free trade agreement between both countries, at Narino Palace in Bogota, Colombia, 25 June 2012. South Korean and Colombian legislators will decide on the final approval of the text. EPA/Leonardo Munoz.
EPA/Leonardo Muñoz
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South Korean President Lee Myung-bak
S. Korea-Colombia trade will grow 5-fold under FTA”: President Lee
“The free trade agreement (FTA) between South Korea and Colombia will be a win-win opportunity for both parties,” said President Lee Myung-bak Sunday (local time) during his state visit to Colombia.
“The FTA will more than quintuple the bilateral trade volume over the next five years and encourage investments,” said Lee in an interview with El Tiempo, a leading local newspaper.
“The FTA will give more incentives for Korean firms to invest in Colombia, which will also gradually pave the road for greater technology transfers,” he added.
“Korea will use Colombia as a foothold to gain traction in the Latin American markets, while Colombia can likewise use Korea as its main base to penetrate into Asia,” said Lee. The successful conclusion of the trade deal can bridge the geographical distance between the two nations and converge us into a single economic zone, stressed Lee.
[Written by Young-deok Bang - Samji Chung / edited by Soyoung Chung]
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President Lee visits Korean Expo in Bogota
Jun 27, 2012
Korea.net Staff Writer
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