President Lee Jae Myung and Chilean President Jose Antonio Kast shake hands at the presidential palace in Santiago, July 30. Yonhap
SANTIAGO — President Lee Jae Myung said Thursday that South Korea and Chile have agreed to reactivate a joint committee to discuss ways to enhance bilateral trade, including by modernizing their free trade agreement (FTA).
The South Korean president made the remarks at a joint press announcement with Chilean President Jose Antonio Kast in Santiago following their summit.
"South Korea and Chile agreed to further expand cooperation in trade and investment to pursue mutual growth," Lee said.
As part of the agreement, the two countries will reactivate their joint FTA committee for the first time in 10 years to discuss ways to enhance bilateral trade relations, including modernizing the South Korea-Chile FTA in a mutually beneficial manner, he added.
