l mutually TLC involves the removal of tariffs for a period of 10 years, for products such as televisions and certain types of Korean cars.
BanderaPeru
Peru and South Korea have signed a Free Trade Agreement (NAFTA), from which both parties hope to increase their economic relations, including investments in this country in the South American nation.
"As required, the tariffs will eliminated each other in a period of 10 years after the entry into force of the document, which must be ratified by the respective parliaments, authorities said.
Once in force, the said measure be implemented immediately to televisions and certain South Korean cars, while in the case of Peruvian exports, coffee will benefit from the same regime.
According to the Ministry of Commerce, estimated that NAFTA boost bilateral economic cooperation and establish bases for investment in this country in energy and resource sectors in the other nation.
Peru and South Korea have signed a Free Trade Agreement (NAFTA) from which both parties hope to increase their economic relations, including investments in this country in the South American nation.
Lima and Seoul to recognize products made in an inter-Korean industrial park located in the city of Kaesong, in the territory of Korea, entered the cable news agency Prensa Latina.
Preceded by five rounds of negotiations, initiated in March 2009, this agreement shall be valid 60 days after the parties notify the completion of the respective procedures, or at an earlier date by mutual agreement.
In 2010, bilateral trade amounted to U.S. $ 1,980 million, of which 944 million represented sales other South Korean market, which receives Seoul minerals such as iron and also sends petrochemicals.
Read more: http://www.empresaexterior.com/2011032538804/politica-economica/peru-y-corea-firman-tratado-de-libre-comercio.html # ixzz1HbEYMnDY
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