Live
- DEO suspends teacher accused of sexual assault
- PM ‘cursing’ Congress out of despair: Maharashtra Cong Chief
- Applications are invited for Junior Colleges Scheme District Scheduled Castes Development Officer Ramlal
- A nomination was filed on the second day for the Nagar Kurnool parliamentary seat
- SP Gaikwad inspected the Telangana Amarnath Saleswaram Jatara yatra arrangements
- Rahul Gandhi's decision to contest from Wayanad shows 'lack of confidence': BJP President Nadda
- IPL 2024: Delhi bowlers will go after all of SRH’s top-order batters, says head coach Ricky Ponting
- At Amroha rally, PM Modi sends out ‘meaningful’ message for Muslims and Hindus
- Tripura records highest 79.83 pc voter turnout in Northeast
- The government has to clear the confusion
S.Korea, Arab nations to resume free trade talks after 13 yrs
South Korea and a group of Arab countries will resume talks for their free trade deal this week after a 13-year hiatus in a move to forge deeper economic ties, Seoul's Industry Ministry said on Sunday.
South Korea and a group of Arab countries will resume talks for their free trade deal this week after a 13-year hiatus in a move to forge deeper economic ties, Seoul's Industry Ministry said on Sunday.
South Korea and the Gulf Cooperation Council (GCC) will begin the fourth round of official talks for a bilateral free trade agreement (FTA) in Seoul on Monday for a four-day run, according to the Ministry of Trade, Industry and Energy.
The GCC involves six countries: the United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait, reports Yonhap News Agency.
South Korea and the GCC agreed to push for a trade agreement in 2007 and had three rounds of talks between 2008 and 2009. But the negotiations have since stalled after the council announced the suspension in 2010.
"The Gulf region is a crucial market for South Korea given its population, income and growth potential. A free trade deal with the resources-rich GCC nations will not only serve as a chance to boost trade, investment and overall economic cooperation but also help ensure our stable supply chains," the Ministry said.
Trade volume between the two sides came to $46.6 billion in 2020, according to government data.
