Home Argentina economy Fall in production, consumption and investment in August in the middle of the 4th wave of the pandemic

Fall in production, consumption and investment in August in the middle of the 4th wave of the pandemic

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South Korea’s trade ministry said on Tuesday it had agreed with Uruguay to make joint efforts to speed up negotiations for a free trade agreement with a group of countries. South Americans.

Commerce Minister Yeo Han-koo plans to meet with his Uruguayan counterpart, Francisco Bustillo, practically later in the day to discuss ways to expand economic ties, according to the Ministry of Commerce, Industry and Energy. .

“Uruguay is one of South Korea’s key partners, as the two can make joint efforts to overcome the challenges of the COVID-19 pandemic,” Yeo said in a statement, noting that the agreement trade with Mercosur will further strengthen bilateral economic cooperation. .

Mercosur, made up of Brazil, Argentina, Paraguay and Uruguay, accounts for about 70 percent of South America’s population and 68 percent of the region’s economy.

South Korea and Mercosur held their seventh round of negotiations earlier this month.

“South Korea’s trade deal with Mercosur will pave the way for both sides to expand cooperation in a wide range of areas, including digital, technology, infrastructure, ICT, healthcare and neutrality carbon, ”added Yeo.

South Korea is striving to expand its economic ties with partners in Central and South America in order to diversify its export portfolio.

The ministry said the day before that it was currently in negotiations with Guatemala to invite the Central American country to a multilateral trade pact that came into full force this year.

South Korea and five Central American countries – Costa Rica, El Salvador, Panama, Honduras and Nicaragua – fully implemented their FTAs ​​in March.

Seoul also has separate trade agreements with Chile, Peru and Colombia. (Yonhap)

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