Colombian minister stresses importance of FTA negotiations with South Korea

12:37, May 11, 2010      

Email | Print | Subscribe | Comments | Forum 

Colombian Minister of Commerce, Industry and Tourism Luis Guillermo Plata on Monday said that a free trade agreement (FTA) with South Korea will mark an important opportunity for Colombian products.

"This first commercial approach, through negotiations of a free trade agreement with an Asian country, constitutes a great opportunity for agricultural and industrial products with a high export potential," the official said after a round of FTA talks with South Korean representatives in the U.S. city of Los Angeles.

Colombia has expressed its interest in exploring the South Korean markets of dairy, food and other products, while the Asian country wants to have preferential access to Colombia's markets of, among others, polymers, cars and electrical appliances.

The two countries are set to hold another round of negotiations next month to discuss all related issues, including rules and procedures of origin, according to Santiago Pardo, Colombia's chief negotiator.

Colombia plans to establish free trade agreements with 48 countries in less than four years and thus to be present in markets with a total of 1.4 billion consumers.



  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion