South Korea's Lee calls for trade pact with Mexico
SEOUL: South Korean President Lee Jae Myung called for the country and Mexico to reach a comprehensive trade agreement to establish a stable and mutually beneficial foundation for the two economies to work more closely together, his office said on Saturday. Lee was speaking to business leaders and government officials in Mexico at a business forum, Blue House press secretary, Sung Ki-hong, told a…
South Korean President Lee Jae Myung has called for a comprehensive trade agreement with Mexico to strengthen economic cooperation between the two countries. According to his office, Lee made the call during a business forum in Mexico, where he is on a state visit.
Lee noted that despite Mexico being South Korea's largest trading partner in Central and South America, and Korea being Mexico's fifth-largest trading partner, the two economies have yet to have a comprehensive trade agreement. Bilateral trade between the two countries reached $20.6 billion last year, according to The Korea Times.
The president stressed that a trade agreement would help companies pursue business opportunities with greater certainty amid growing uncertainties in the global trade environment. He also highlighted that the mutually complementary structures of the two economies make a trade agreement desirable.
Brief written by urgent.news from Business Recorder, The Korea Times — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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