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Pakistan signs trade deals with South Korea

Al Bhatti

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April 14, 2014

Pakistan signs trade deals with South Korea

Jung Hong-won holds talks with Sharif

Pakistani and South Korean officials signed Memoranda of Understanding for cooperation in trade, industries and energy sectors here on Monday in the presence of the prime ministers of the two countries.

Earlier, South Korean Prime Minister Jung Hong-won and Prime Minister Nawaz Sharif held talks on the second day of a four-day visit by the Korean leader.

Officials said Prime Minister Sharif invited his Korean counterpart to prepare a Country Partnership Strategy between the two countries for the next three years.

Sharif told the Korean leader, who arrived here on Sunday, that Pakistan offers huge opportunities for Korean companies in the energy sector, including hydro, wind, solar, biomass and coal-based projects.

He said Pakistan was happy to witness the progress and development of South Korea and “we are interested to learn from the Korean experience.”

The Pakistani chief executive said it was heartening to note that trade between the two countries has reached $1.6 billion (Dh5.8 billion) in 2012.

Pakistan has proposed a comprehensive Free Trade Agreement that covers trade, investment and services, so that trade between the two countries could be further enhanced, he said.

Pakistan signs trade deals with South Korea | GulfNews.com

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trade between Pakistan and South Korea reached $1.6 billion (Dh5.8 billion) in 2012.

Whereas Between Dubai and south Korea:

March 3, 2013

Non-oil trade between Dubai and South Korea grew steadily during the past decade and climbed to $22 billion in 2011 from $19 billion in 2010

UAE-South Korea bilateral trade at $22b | GulfNews.com
 
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