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Montevideo, November 12th 2018 - 17:57 UTC

Tag: Mercosur South Korea

  • Saturday, May 26th 2018 - 07:58 UTC

    South Korea and Mercosur agree in Seoul to begin formal negotiations for a free trade deal

    “This represents a significant step toward deepening the important relationship between Mercosur and the Republic of Korea,” the joint statement said

    South Korea and Mercosur agreed to begin formal negotiations for a trade deal in the latter half of this year to facilitate commerce and investment, the Seoul government said on Friday. South Korea signed an agreement to launch the negotiations with four Mercosur member states -- Brazil, Argentina, Paraguay and Uruguay -- during a ceremony held in Seoul. Mercosur expelled Venezuela in 2016 for failing to meet its basic standards.