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Economy

Colombian flowers, meat, fruit to benefit FTA with S.Korea

by Toni Peters June 15, 2012

Sergio Diaz Granados

Colombia’s trade minister says the national flower, meat and fruit sectors will benefit the most from the free trade agreement with South Korea, in an interview with W Radio Friday.

With the trade deal, 99% of flower, fruit and meat exports will not have tariffs to enter the Asian country, according to Sergio Diaz-Granados.

The minister said “Colombia needs more markets where the rules of the game are stable and so we have got our eye on the [South] Korean market; it is a big importer of food.”

Diaz-Granados also said an agreement was made to provide “maximum” protection to the Colombian sectors which manufacture electro domestics and automobiles, declaring “The negotiation left both parties satisfied.”

economyexportsFTASouth Korea

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