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Israel Signs Free Trade Agreement with South Korea

Israel signed a free trade agreement with South Korea this week that is expected to increase trade between the countries to over $3 billion.

That makes South Korea, which has the 11th largest economy in the world, the first Asian country to sign a free trade agreement with Israel.

The agreement was signed in Seoul by Economy Minister Amir Peretz and his South Korean counterpart, the Minister for Trade, Ms. Yoo Myung-Hee.

Under the agreement, Israel will increase exports to South Korea and exempt from customs duties vehicles and spare parts, electrical products, and air conditioning systems imported into Israel. (JPost / VFI News)

One who is righteous is a guide to his neighbor, but the way of the wicked leads them astray. - Proverbs 12:26