Korea, Cambodia strike free trade deal for broader economic cooperation

South Korea said Wednesday it has clinched a free trade deal with Cambodia, the latest in a series of its free trade pacts to revitalize its ailing exports amid the new coronavirus pandemic.

Trade Minister Yoo Myung-hee and her Cambodian counterpart Pan Sorasak held a virtual meeting and declared that Seoul and Phnom Penh have completed FTA negotiations, according to the Ministry of Trade, Industry and Energy.

“The FTA will pave the way for the two countries to overcome challenges from the COVID-19 pandemic, and seek sustainable economic growth,” Yoo said. Cambodia is South Korea’s 60th-largest export destination.

In full: https://www.koreatimes.co.kr/www/nation/2021/02/120_303520.html?fl

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