By Reuters Staff
2 Min Read
JAKARTA/SEOUL (Reuters) - South Korea and Indonesia on Friday signed an economic partnership agreement aimed at boosting investment and trade between the two countries, in areas ranging from automobiles to apparel, officials said.
South Korea is among Indonesia’s top ten trading partners and investors, but the economic relationship still did not reflect the true potential, Indonesian Trade Minister Agus Suparmanto said at a signing ceremony broadcast online from Seoul.
Under the agreement, South Korea will eliminate more than 95% of its tariff lines and Indonesia eliminate over 92% and give preferential tariffs to support Korean investment, Indonesia’s trade ministry said in a statement.
South Korea and Indonesia sign deal to boost trade, investment reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Korea, Indonesia sign deal to boost trade, investment
Posted : 2020-12-18 13:39
Gettyimagesbank
South Korea and Indonesia on Friday signed an economic partnership agreement aimed at boosting investment and trade between the two countries, in areas ranging from automobiles to apparel, officials said.
South Korea is among Indonesia s top ten trading partners and investors, but the economic relationship still did not reflect the true potential, Indonesian Trade Minister Agus Suparmanto said at a signing ceremony broadcast online from Seoul.
Under the agreement, South Korea will eliminate more than 95% of its tariff lines and Indonesia eliminate over 92% and give preferential tariffs to support Korean investment, Indonesia s trade ministry said in a statement.