Australian Prime Minister Kevin Rudd has reached agreement with South Korean President Lee Myung-Bak to open preparatory talks on a free trade agreement (FTA)...
Rudd called for cooperation in the liquefied natural gas sector, while Lee urged more cooperation in mineral resources and energy.
South Korea is Australia's fourth-largest export market, behind Japan, China and the United States. Australia's top exports include crude petroleum, iron ore, coal and beef.
Australia, South Korea to discuss FTA
11th August 2008
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