Seoul, South Korea and a group of Arab countries will negotiate for their free trade deal next week, said Seoul's trade ministry.
South Korea and the Gulf Cooperation Council (GCC) will begin the sixth round of official talks for a bilateral free trade agreement (FTA) in Seoul on Monday for a five-day run, according to the Ministry of Trade, Industry and Energy, Yonhap reported,
The GCC comprises six countries, the United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait.
Various issues will be on the table during the upcoming meeting, including goods and services trading, country of origin, digital trade and intellectual property rights.
South Korea and the GCC resumed FTA negotiations earlier this year following a 13-year hiatus, with two related sessions held in March and June, respectively.
The two sides agreed to push for a trade deal in 2007 and had three rounds of talks between 2008 and 2009. However, their negotiations had stalled as the council announced a suspension in 2010.
Trade volume between the two sides came to $46.6 billion in 2020, according to government data.
Source: Bahrain News Agency