South Korea and UAE Forge Stronger Economic Ties

A newly signed Comprehensive Economic Partnership Agreement between South Korea and the United Arab Emirates aims to reinforce supply chains and boost direct investment flows. The agreement, finalized at a summit in Seoul, will sharply cut import duties and foster stronger business and investment connections between the two countries.

A trade agreement signed by South Korea and the United Arab Emirates will reinforce supply chains and facilitate direct investment flows, said a joint statement issued by the two countries.

South Korea and the United Arab Emirates signed the Comprehensive Economic Partnership Agreement at a summit in Seoul on Wednesday to sharply cut import duties and forge closer business and investment ties.