Seminar discusses benefits of Korea-Australia FTA
The Korea International Trade Association’s (KITA) FTA Information and Business Support Center and the Australian Chamber of Commerce in Korea (AustCham Korea) jointly held a “strategy seminar” to discuss opportunities to utilize the new Free Trade Agreement between Korea and Australia at the Trade Tower in Seoul last Thursday.
Following the FTA agreement in December, interest in the Australian market has grown among Korean companies as was evident at the seminar, which attracted more than 220 attendees from Korean and Australian companies.
The joint strategy seminar on the FTA covered a wide range of topics including an outline of the free trade benefits and how these could be successfully utilized by Korean and Australian companies.
In his opening remarks at the seminar, Australia’s Ambassador to Korea William Paterson urged businesses in both countries to take full advantage of the Free Trade Agreement (FTA) and Brett Cooper, senior Australian trade commissioner in Seoul, went on to present on some of the current opportunities for Korean companies investing in Australia.
Graham Dodds, chair of Austcham Korea, said, “2014 was a banner year for the Australia-Korea business relationship, with the passing of the FTA. The Australian Chamber joined with the Australian and Korean governments in a range of promotional activities over the course of 2014 and we were delighted to play our part in assisting the FTA enter into force.”
“The key now is to see Korean and Australian companies take advantage of the opportunities on offer under the bilateral FTA and today’s seminar with KITA was a great opportunity to learn more about the methods for accessing these opportunities. We look forward to continuing to cooperate with our Korean counterparts in 2015 to promote the Korea-Australia business relationship.”
THE KOREA TIMES, 24th March 2015
By John Redmond email@example.com