South Korea is set to liberalize its market for nearly 60 percent of agricultural and fishery imports, including beef, from New Zealand under its bilateral free trade agreement (FTA) with the country in the southwest Pacific, the South Korean government said Monday.
Under the proposed FTA, South Korea will completely eliminate its import tariffs on 59.9 percent of farm products from New Zealand over a 10-year period following its implementation, according to the Ministry of Agriculture, Food and Rural Affairs.