PETALING JAYA: Malaysia anticipates restarting bilateral free trade agreement (FTA) negotiations with South Korea, which have remained stagnant since 2019, said the South Korean trade minister Cheong In-kyo.
PETALING JAYA: Malaysia anticipates restarting bilateral free trade agreement negotiations with South Korea, which have remained stagnant since 2019, said the South Korean trade minister Cheong In-kyo.
The two countries agreed to seek a bilateral FTA in 2019 but related negotiations have been stalled after holding three rounds of talks that year.“South Korea and Malaysia also agreed to expand the scope of the envisioned FTA to cover new areas, such as service, investment, digital and biotechnology,” the minister said.SPONSORED CONTENT Sabah revenue hits RM6.
“As the two countries hold a mutually beneficial trade portfolio, the FTA will significantly strengthen South Korea’s ground for trade and investment in the Asean bloc,” the minister and Malaysian counterpart, investment, trade and industry minister Tengku Zafrul Aziz announced during their meeting in Kuala Lumpur.
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