Skip navigation links
Press Releases
News from Turkey
Upcoming Tenders
Newsletter Subscription
This page is print preview page.
Click here to return to the page.
Print page
Turkey and South Korea expand FTA 

Sabah – Turkey and South Korea have agreed to expand their free trade agreement, which entered into effect in 2013, to cover the fields of service and investments. According to the agreement signed by Turkish Minister of Economy Nihat Zeybekci and South Korean Minister of Trade Yoon Sang-jick in Seoul, Turkish and South Korean companies will now be able to form partnerships to do business in third countries.

On an official visit to the East Asian country, Minister Zeybekci said that Turkey and South Korea shared an historic brotherhood that dated back to the Korean War. “These bonds should be complemented with strong bilateral trade and investments. South Korean companies are welcome to take full advantage of Turkey’s comprehensive investment incentives and key geostrategic location in close proximity to many emerging markets,” he added.

The FTA between Turkey and South Korea that took effect in May 2013 covered products only. The two countries traded USD 8 billion in goods and services in 2014.
14.02.2019 FDI Inflows to Turkey Surged in 2018
12.02.2019 Japanese Secom Enters into Turkish Market
08.02.2019 President Erdoğan Receives a Delegation of US Businesspeople
01.02.2019 Hybrid Version of Iconic Corolla Makes Global Debut as First Batch Rolls Off Line
07.01.2019 PepsiCo Commissions Sixth Factory in Turkey
14.12.2018 President Erdoğan Unveils Second 100-Day Action Plan
21.11.2018 Turkey and Russia Mark Completion of Offshore Section of Turkstream
18.11.2018 GE to Develop Manufacturing Tech for Aviation in Turkish Lab
16.11.2018 Toyota Begins Mass Production of New Corolla Hybrid in Turkey
13.11.2018 Pirelli’s Licensed Manufacturer Prometeon Invests in Turkey
1 2 3 4 5 6 7 8 9 10