Hanoi (VNA) - Indonesia and the Republic of Korea on April 6 agreed tohold a signing ceremony of their bilateral free trade deal in the near futureto quickly implement it in a way that helps minimise the economic fallout fromthe new coronavirus pandemic.
During a videoconference with Indonesian Trade Minister Airlangga Hartarto, RoKTrade Minister Yoo Myung-hee said the international community must join forcesto sustain the global supply chain, according to the RoK’s Yonhap news agency.
In line with efforts to overcome the economic jitters, the two countries agreedto hold a signing ceremony of the much-awaited Comprehensive EconomicPartnership Agreement (CEPA) at the earliest date possible after the situationis stabilised, reported Yonhap
The two countries struck the deal in November last year with a goal of holdingan official signing ceremony in the first half of 2020 to pave the way for theofficial implementation.
The CEPA is equivalent to a free trade agreement but focuses on a broader scopeof economic cooperation. The two resumed their FTA negotiations in 2019 after ahiatus of five years.
On the occasion, minister Yoo requested Jakarta to lend hands to RoK businessesbased in Indonesia that are suffering from the economic fallout of the COVID-19pandemic./.
During a videoconference with Indonesian Trade Minister Airlangga Hartarto, RoKTrade Minister Yoo Myung-hee said the international community must join forcesto sustain the global supply chain, according to the RoK’s Yonhap news agency.
In line with efforts to overcome the economic jitters, the two countries agreedto hold a signing ceremony of the much-awaited Comprehensive EconomicPartnership Agreement (CEPA) at the earliest date possible after the situationis stabilised, reported Yonhap
The two countries struck the deal in November last year with a goal of holdingan official signing ceremony in the first half of 2020 to pave the way for theofficial implementation.
The CEPA is equivalent to a free trade agreement but focuses on a broader scopeof economic cooperation. The two resumed their FTA negotiations in 2019 after ahiatus of five years.
On the occasion, minister Yoo requested Jakarta to lend hands to RoK businessesbased in Indonesia that are suffering from the economic fallout of the COVID-19pandemic./.
VNA
