Presidents of S. Korea, Israel agree to pursue early FTA deal
15/07/2019 16South Korean President Moon Jae-in and the President of Israel, Reuven Rivlin, have agreed to pursue an early deal in their talks on a bilateral free trade agreement.
They say it'll maximize their two countries' synergy.
President Rivlin arrived in Seoul on Sunday for a five-day stay.
Here's President Moon speaking earlier today at their summit.
"If the FTA deal gets settled quickly, then economic cooperation on investment and services will expand. I believe the two countries' relations have great potential due to their complementary business structures and their shared goal of fostering the future high-tech industry."
Moon and Rivlin agreed that an early FTA deal will be an "optimal win-win" result.
Two way trade last year reached 2.7 billion U.S. dollars.
They began discussing an FTA back in 2015.
Korea would export vehicles and wireless communications divices and import chipmaking equipment and applied electronics goods.
Source: Agrirang
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