S. Korea free trade deal with Colombia (By Sylodium, international trade directory)

The South Korean Cabinet plans to approve a free trade deal with Colombia as part of efforts to boost bilateral trade and pave the way to tap deeper into the South American market, according to officials. The two countries are expected to formally sign the deal within this month, and to seek a legislative approval from each parliament," said a foreign ministry official in charge of the issue, adding the pact is expected to go into effect in the first half of this year at the latest. Under the deal, the two countries agreed to eliminate tariffs on 96.1 percent of Colombian goods and 96.7 percent of South Korean goods within 10 years after the pact takes effect. Sylodium (global import export directory) you can advertise for free your company or your project, at the intersection of cities that you want, for example; Seoul (South Korea) - Bogota (Colombia) or any city around the World.