however, the honduran entrepreneurs hope that with the signing of the Treaty Free Trade among the countries of Central america and Korea of the South, this situation will change and that domestic exporters can sell more agricultural products to the Korean.
November 16, 2016, 00:14Managua, 16 nov (PL) Central america and Korea of the South will end today at Managua to negotiations to the signing of a Free Trade agreement (FTA), which is expected to be in effect next year.
The Declaration of Managua was subscribed by Joo Hyung-hwan, and minister nicaraguan Development, Industry and Trade, Orlando Solórzano.
in this regard, the minister of the Interior pointed out that “during the visit he made last year to the first president Park Geun-hye to Chile, coincided with president Michelle Bachelet at the need to deepen this commercial agreement, which has been highly successful for the two countries”. “We are complementary in natural resources and Korea of the South in technological resources and capital resources”, he stressed.
“Korea of the South represents a strategic partner in our platform of services, mainly in sectors, logistic, maritime, tourism, distribution and redistribution of goods, and our international air transportation platform for cargo and passengers”, he said.
According to the Chamber, between the affected segment is footwear that could “run the risk of getting to disappear” by the terms of the market from Korea South and by the power of these industries in the asian country in front of the premises.
“With the eventual expansion of the TLC could include rebates tariff to products such as meat, dairy, cheeses, honey, vegetables, nuts, some fruits, cereals, prepared foods, vegetable juices and extracts, among others”, stated the director-general of International Economic Relations, Paulina Nazal.
“it Is expected that our countries are more attractive for investors”, said the minister of honduras, who noted that Korea to the South is the thirteenth largest economy in the world, fourth in Asia and with a market of 49 million consumers.
The vice Minister of Integration and Trade Foreign declared that “theKorea of the South is an important trading partner for our country and we will continue to the bargaining of this TLC, we still have pending some technical aspects of the access list and source, and we are striving to achieve the appropriate balance in the bargaining“.
there has long been calls to update the TLC bilateral, in order to reflect the latest changes in the business environment, such as in the sectors and investment services.
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