Bilateral trade: Pakistan, South Korea reiterate ties

Express Tribune, Pakistan

Bilateral trade: Pakistan, South Korea reiterate ties

By Our Correspondent

4 May 2012

KARACHI: Islamabad and Seoul can raise bilateral trade up to $3 billion, for which both governments should expedite negotiations to sign a free trade agreement and encourage the visit of business delegations and exhibitors from either side, said a press release obtained from the Karachi Chambers of Commerce and Industry (KCCI) on Thursday.

“Given the potential of trade between the two countries, current trade – which stands at about $1.3 billion – could be increased to $2-3 billion,” said KCCI president Mian Abrar Ahmed, in a meeting with South Korea’s Ambassador to Pakistan Choong Joo Choi. Ahmed proposed that both governments expedite negotiations for the signing of a free trade agreement.

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