S. Korea inks numerous FTAs with global powers


(MENAFN) Asia's fourth-largest economy has signed free trade agreements (FTAs) with 15 countries, including the United States, the European Union and China, based on reports.

South Korea is the only nation that has FTAs with the U.S., EU and China at the same time among the Organization for Economic Development and Cooperation (OECD) members.

New FDI pledges from the EU surged more than threefold to USD4.21bn during the 1st six-month period from a year earlier, while those from China also soared 79.5pct on-year to USD710mn.

However, the trade ministry expected a prolonged economic slump and escalating financial uncertainties to dampen investor sentiment throughout the world over the second half.


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