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Central America, South Korea Hold Third Round FTA Talks

by Mike Godfrey, Tax-News.com, Washington

24 February 2016


The Central American states and South Korea began their third round of negotiations towards a free trade agreement (FTA) on February 22, 2016.

The negotiations were held in San Francisco and were attended by officials from South Korea and the six Central American countries – El Salvador, Guatemala, Honduras, Nicaragua, Panama, and Costa Rica.

The participants discussed a range of issues, including rules of origin, trade in services and investment, technical barriers to trade, and sanitary and phytosanitary measures.

The negotiations are expected to be completed in the second half of this year. The first round was held in September 2015.

Trade between South Korea and the six Central American countries reached USD5bn in 2014, according to South Korea's Ministry of Trade, Industry, and Energy.

TAGS: Energy | tax | investment | free trade agreement (FTA) | Nicaragua | export duty | Costa Rica | Guatemala | import duty | trade | El Salvador | Honduras | Panama | services | Central America | Economy

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