Malaysia, S Korea resume FTA talks
Malaysia and South Korea are set to hold their seventh round of negotiations for a bilateral free trade agreement (FTA) as they look to expand their trade portfolio and strengthen cooperation, according to the latter's Ministry of Trade, Industry and Energy.
At the Korea-Malaysia Trade Ministers' Meeting in 2023. Photo courtesy of Koreaherald.com.
The latest round of talks will take place in Kuala Lumpur from February 17 to 20, with discussions covering 11 key sectors, including goods, services, investment, and economic cooperation.
Negotiations resumed in March 2024 after a five-year hiatus. Kwon Hye-jin, director general for FTA negotiations at the ministry, emphasized efforts to swiftly strike an FTA with Malaysia, a key ASEAN partner, amid the fast-changing global trade environment from the expansion of protectionism.
While South Korea already has an FTA with ASEAN, it is pursuing individual agreements with member nations to further enhance trade ties.
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