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Briefings South Korea publishes Korean-Language GCC FTA text for public reviewAs Trump’s tariffs hit global trade, Seoul’s deal with the Gulf states offers relief in the form of cheaper oil and gas South Korea published the Korean-language text of its free trade agreement (FTA) with the Gulf Cooperation Council (GCC) on Friday and opened a public consultation period. The FTA, concluded in Dec. 2023, aims to boost South Korean exports to the Middle East while reducing tariffs on energy imports. South Korea’s trade ministry statedthe FTA document will be available on the government’s trade website until March 5, allowing public feedback on translation accuracy and potential revisions. The agreement, covering automobiles, petrochemicals, machinery and digital trade, is expected to be finalized after legal review and a formal signing with GCC member © Korea Risk Group. All rights reserved. |





