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EAEU, South Korea may sign FTA in 2019

MINSK, 21 May (BelTA) – A free trade agreement between the Republic of Korea and the Eurasian Economic Union (EAEU) member states can be signed in 2019, Chairman of the Belarusian Chamber of Commerce and Industry Vladimir Ulakhovich told reporters on 21 May, BelTA has learned.

“Belarus can offer its Korean partners the opportunities to enter the vast Eurasian market. A round of negotiations on the free trade zone with the Eurasian Economic Union was completed in Seoul. I think both parties would like to see it implemented as quickly as possible. This depends on additional rounds of negotiations. We expect that we can sign this agreement within two years, i.e. next year,” Vladimir Ulakhovich noted.

He also noted that Belarus is interested in the experience of the Republic of Korea in the organization of high-tech exports.

The Belarusian-Korean Business Forum in Minsk is set to discuss the prospects for expanding contacts between Belarusian exporting and importing companies of the Republic of Korea, and cooperation in science.

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