Seoul, Minsk hold talks on S. Korea-EAEU FTA

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KBS | 10 April 2017

Seoul, Minsk hold talks on S. Korea-EAEU FTA

South Korea and Belarus have held talks as part of negotiations to sign a free trade agreement between South Korea and the Eurasian Economic Union(EAEU).

The Ministry of Trade, Industry and Energy said Monday that Vice Minister Jeong Marn-ki confirmed Belarus’ official support for a South Korea-EAEU trade deal in a bilateral meeting with Belarusian First Vice Foreign Minister Andrei Yeudachenka.

The EAEU was launched in Janaury 2015 as an economic community consisting of Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan. The regional bloc has a total population of 190 million and its combined gross domestic product amounts to one-point-six trillion dollars. With abundant natural resources and a lack of industrial infrastructure, it is regarded as a promising market for South Korean exporters.

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source: KBS