Israel, South Korea Announce Free Trade Talks

South Korean President Lee Myung-Bak (R) talks with Israeli President Shimon Peres (L) during their meeting at the presidential blue house on June 10, 2010 in Seoul, South Korea.
Kim Min-Hee - Pool/Getty

The Jerusalem Post reports: Israel and South Korea on Tuesday announced the opening of free trade talks, to commence in two months in Seoul.

In a meeting between Economy Ministry Director-General Amit Lang and South Korean Deputy Trade Minister Tae Hee Woo, the two discussed ways to increase trade specifically in the fields of high-tech, agriculture and industrial research and development, among others.

“A free trade agreement between Israel and South Korea will be a significant milestone in trade relations between the two countries and carry significant economic potential for them, as well as economic relations between Israel and Asian countries in general,” Lang said.