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South Korea wants to speed up ratification of free trade agreement with Australia
South Korea will make every effort to accelerate the ratification of the free trade agreement with Australia, IA RUSKOR reports with reference to the Minister of Finance Choi Kyung-hwan.
South Korea and Australia signed a free trade agreement in December 2013. It is submitted for ratification to the National Assembly last Tuesday.
“We expect the free trade agreement between South Korea and Australia to enter into force as soon as possible, which will help strengthen bilateral economic cooperation,” the minister said at a meeting with his Australian counterpart Joe Hockey. The meeting took place within the framework of the meeting of the GXNUMX financiers in Australia.
Choi noted that the Seoul government had recently submitted an agreement for ratification by the National Assembly, saying that the relevant ministries would “make every effort” in coordination with the legislators for its speedy passage.
Both ministers also expressed the hope that the ratification of the agreement will be announced at the G-20 summit scheduled for November in Australia.