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Korea-Colombia FTA to take effect this week

2016-07-15

The Korea-Colombia free trade agreement will go into effect from July 16. The agreement will eliminate tariffs on 4,390 Korean export products to the South American country, according to the Trade Ministry.

Trade volume between the two countries last year reached US$1.45 billion, with Korea exporting $1.13 billion‘s worth for a $800 million trade surplus, according to the ministry on July 14.


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