South Korea’s trade ministry said Wednesday it has launched the second round of talks for an economic partnership agreement (EPA) with Georgia with the goal of broadening their trade portfolio.
The two-day meeting with senior officials from Georgia’s Ministry of Economy and Sustainable Development came after the two countries made progress in “considerable areas” through the inaugural negotiation in February, along with an intersessional meeting in April, according to the Ministry of Trade, Industry and Energy.
The two sides will discuss 13 segments, encompassing goods, services and digital trade during the latest meeting in Seoul.
An EPA is meant to establish a mutually beneficial trade network with partner nations beyond a simple market opening, though it covers a smaller scope of areas compared with a traditional free trade agreement.
The agreement is expected to help South Korea broaden its ties with Georgia in the energy supply chain, including the petroleum and gas sectors.
Source: Yonhap News Ag
ency
