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S.Korea, Costa Rica vow to boost trade, investment
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IANS | 24 Nov, 2021
The top trade officials of South Korea and Costa Rica met in Seoul on
Wednesday and discussed ways to further boost bilateral trade and
investment, Seoul's industry ministry said.
During the meeting,
Seoul's Trade Minister Yeo Han-koo and Costa Rica's foreign trade
minister, Andres Valenciano Yamuni, checked the implementation of the
South Korea-Central America Free Trade Agreement and agreed to work more
closely to further facilitate bilateral trade and investment, Yonhap
news agency reported, citing the Ministry of Trade, Industry and Energy.
South
Korea and five Central American nations -- Costa Rica, El Salvador,
Panama, Honduras and Nicaragua -- fully implemented their FTA in March
2021.
"The trade agreement has helped boost exchanges and
investment between the two nations. It is expected to further help
strengthen the bilateral economic ties and support a sustainable
economic recovery," Yeo said.
In 2020, South Korea's volume of
exports to Costa Rica stood at $111.12 million, with imports coming to
$156 million, according to government data.
Yeo voiced hope for
strengthening ties in the fields of digital, environment, technology and
innovation, as the two nations share the goal of achieving inclusive
economic development and net-zero emission by 2050.
He also
sought Korean companies' active participation in Costa Rica's various
infrastructure projects, including an electric passenger train
construction project, according to the ministry.
On Tuesday,
South Korean President Moon Jae-in and his visiting Costa Rican
counterpart, Carlos Alvarado Quesada, vowed to work to boost cooperation
in the digital and green sectors to spur their post-pandemic economic
recovery.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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64.50 |
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87.50
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Euro
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75.65 |
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56.85 |
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