Trade ministers of S. Korea, Costa Rica discuss expanding economic cooperation
South Korea's Trade Minister Cheong In-kyo held talks with his visiting Costa Rican counterpart, Manuel Tovar, on Monday to discuss ways to bolster comprehensive economic cooperation between the two countries.
During the meeting, Cheong lauded the steady growth in bilateral trade and investment based on the Korea-Central America Free Trade Agreement, which took effect in 2019, the Ministry of Trade, Industry and Energy said in a press release.
He proposed further expanding trade in key sectors where both nations hold strengths, such as automobiles, pharmaceuticals, medical devices and semiconductors.
Cheong also expressed expectations that bilateral cooperation would extend into the digital sector, noting the inclusion of Costa Rica in the Digital Economy Partnership Agreement in January this year.
Since Costa Rica is serving as the chair of the Organization for Economic Cooperation and Development for this year, Cheong requested support in encouraging OECD members to actively participate in the upcoming Asia-Pacific Economic Cooperation summit set to take place in South Korea's southeastern city of Gyeongju later this year. (Yonhap)
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