Israel, South Korea announce free-trade deal
August 21, 2019
Israel and South Korea announced Wednesday they have concluded a free-trade agreement to eliminate tariffs on goods ranging from cars and medical equipment to lipstick and video games.
Israeli Economy Minister Eli Cohen called the deal “historic”, saying it was Israel’s first such agreement with an east Asian nation.
It was not clear when the agreement could enter into force.
“The advantage of this agreement will go beyond our economic ties,” Cohen said at a ceremony to announce the deal.