CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

ASEAN becomes S. Korea's second largest trade partner

06-01-2011 10:36 BJT

SEOUL, May 31 (Xinhua) -- The Association of Southeast Asian Nations (ASEAN) has become the second largest trade partner of South Korea four years after a bilateral free trade agreement took effect, the foreign ministry said Tuesday.

Two-way trade volume between the two totalled 106.8 billion U.S. dollars as of May this year, second highest only to China, according to the ministry.

Before the agreement that went into effect in June 2007, ASEAN, comprising ten countries, was South Korea's fifth largest trade partner.

South Korea is currently seeking to forge separate bilateral free trade pacts with Vietnam, Malaysia and Indonesia to further expand trade relations.

Editor:Yang Jie |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program