South Korea and the Philippines have begun negotiating their free trade agreement here in Seoul on Monday.... with the goal of concluding the talks by November.
South Korea's trade minister Yoo Myung-hee said,.... that the free trade agreement between the two countries will open up trade and investment opportunities by securing economic partners in ASEAN and Northeast Asia.
The trade agreement is also expected to create the foundations to promote the Moon administration's 'New Southern Policy.'
The Philippines is already part of a trade agreement with Seoul through the ASEAN-Korea Free Trade Area, which took effect in 2010.
