Free Trade Agreements (FTAs) signed by South Korea with Peru and Chile were successful and boosted bilateral trade between parties, Korean Ambassador to Peru Keun Ho Jang said.
During the international symposium titled "Asia-Pacific economic relations with Latin America: South Korea and Pacific Alliance Countries," Keun highlighted trade between the region and the Asian nation has expanded "with strong impetus" over the last two decades.
"Concerning our cooperation, the next step is to implement a FTA network between Korea and Latin American countries, particularly those of the Pacific Alliance, since FTAs [...] have been very successful and invigorated bilateral trade exponentially," he expressed.
"Top Korean products such as automobiles and electronic products have been exported to Latin America over recent years," the diplomat specified.
Likewise, both countries' farming and fishery products are popular among Koreans.
The Asian nation also invests in energy and natural resources sectors.
"In the future, we want to add other higher added-value areas such as infrastructure, health, e-government, among others. The aim is to create synergies based on mutual benefit and shared growth," he said.