PHL, SoKor FTA takes effect December 31

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PHL, SoKor FTA takes effect December 31 - Business Mirror

Quick Summary:

ON the last day of 2024, the Philippines and South Korea will officially enter a new regime on free trade of goods and services, marking a significant milestone on their robust 75 years of bilateral relations.

Two months later, the Korean National Assembly also ratified it.“The FTA will unlock significant opportunities for both countries.

For the Philippines, banana, processed pineapples, and other fruits would be able to penetrate Korean market.