State spending on strategic industries to surge 43% next year
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SEOUL, Oct. 14 (Yonhap) — South Korea and the United Arab Emirates (UAE) announced Thursday that they will launch official talks toward a bilateral free trade agreement, Seoul’s trade ministry said.
Trade Minister Yeo Han-koo met his UAE counterpart, Thani Ahmed Al Zeyoudi, in Dubai, and issued a joint statement that calls for pushing to forge a Comprehensive Economic Partnership Agreement (CEPA), according to the Ministry of Trade, Industry and Energy.
The CEPA is a type of free trade agreement that emphasizes a broader scope of economic cooperation and exchanges on top of market opening.
South Korean Trade Minister Yeo Han-koo (L) and United Arab Emirates Minister of State for Foreign Trade Thani Ahmed Al Zeyoudi shake hands after signing an agreement to push for a Comprehensive Economic Partnership Agreement in Dubai on Oct. 14, 2021, in this photo released by the Ministry of Trade, Industry and Energy. (PHOTO NOT FOR SALE) (Yonhap)
(Yonhap News)