The United Arab Emirates and South Korea on Thursday agreed to start negotiations on a bilateral trade deal targeting a broad expansion of economic ties.
The UAE last month announced it would seek economic agreements with South Korea and seven other countries includingIndia, Britain and Turkey.The Comprehensive Economic Partnership Agreement between the UAE and South Korea will include deals to reduce greenhouse gas emissions and develop green technology, South Korean Trade Minister Yeo Han-Koosaid.
"We are aiming to make our CEPA a new-generation free trade agreement," he told a news conference in Dubai. UAE Minister of State for Foreign Trade Thani Al Zeyoudi, speaking alongside Yeo, said negotiations would start within two months and that a deal could be reached within a year.The UAE's economy contracted last year when it was hit hard by the coronavirus pandemic, and it faces increasing economic competition from Saudi Arabia.
Zeyoudi told Reuters the "ultimate goal" for the UAE would be to lift all tariffs and quotas on goods and services. He also said the UAE planned to start CEPA talks with Japan, Chile, Georgia and Ukraine.Reporting by Alexander Cornwell Editing by Raissa Kasolowsky and John StonestreetSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
'Squid Game' strikes nerve in debt-ridden South Korea“Squid Game,” a South Korea-produced Netflix show that depicts financially distressed characters competing in deadly children’s games for a chance to escape debt, has captivated global audiences. But the dystopian show has struck a deeper nerve at home.
Consulte Mais informação »
Universal basic income touted by South Korea presidential candidateUniversal basic income could become a reality in South Korea under a presidential candidate who once likened himself to Bernie Sanders
Consulte Mais informação »
'Squid Game' strikes nerve in debt-ridden South Korea“Squid Game,” a South Korea-produced Netflix show that depicts hundreds of financially distressed characters competing in deadly children’s games for a chance to escape severe debt, has captivated global audiences since its September debut
Consulte Mais informação »
North Korea Puts on Show of Missile Might as Kim Jong Un Snubs U.S.The show of firepower, including an apparent hypersonic missile tested for the first time last month, highlights a renewed push by Pyongyang to test more advanced and diverse weapons to evade its rivals’ defenses.
Consulte Mais informação »
In Japanese court, 5 ask N. Korea to pay for their sufferingTOKYO (AP) — A Japanese court on Thursday is hearing from five people who say there were promised “paradise on Earth” in North Korea but suffered human rights violations instead and now want the country and its leader Kim Jong Un to compensate them.
Consulte Mais informação »
Defectors seek compensation from North Korea over repatriationsThe plaintiffs are asking $900,000 each in damages, accusing Pyongyang of 'deceiving plaintiffs by false advertising to relocate to North Korea', where 'the enjoyment of human rights was generally impossible'.
Consulte Mais informação »