(MENAFN- QNA) South Korea will sign a free trade agreement with Canada on Tuesday.
Senior presidential economic adviser Ahn Jong-beom told a news briefing on Sunday that the two countries will officially sign a bilateral FTA, which will lift tariffs on 99 percent of products within ten years of the agreement's implementation, according to Korea's (KBS WORLD) website.
South Korean Commerce Minister Yoon Sang-jick is set to sign the deal with his Canadian counterpart Ed Fast early on Tuesday Korean time, in the presence of South Korea's President Park Geun-hye and Canadian Prime Minister Stephen Harper.
The two countries concluded the free trade talks in March after nearly nine years of tough negotiations.
The trade pact will come into effect after it has been ratified by both countries' parliaments.
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