South Korea and Cambodia agreed to launch a joint feasibility study on their potential free trade agreement (FTA) in a move to forge deeper economic ties and expand exchanges, Seoul’s trade ministry said Monday.
The agreement came in line with the country’s two-day summit with the Association of Southeast Asian Nations (ASEAN) member states held in the country’s southern port city of Busan, which started Monday.
“The FTA between Cambodia will become a crucial deal that helps Korean firms penetrate deeper into the Southeast Asian nation with prominent growth potential,” South Korea’s Trade Minister Yoo Myung-hee said.
