SAN SALVADOR: Four Central American nations are to sign a free trade deal with South Korea on Wednesday after more than two years of talks to ease tariffs and barriers on a range of products, El Salvador’s government announced. The pact was sealed by the South Korean Trade Minister, Kim Hyun-Jong, his counterparts from Costa Rica and Nicaragua, Alexander Mora and Orlando Solorzano, respectively, Salvador's Minister of Economy, Tharsis Salomon Lopez, the Minister of Economic Development of Honduras, Arnaldo Castillo, and Vice Minister of International Trade for Negotiation of the Ministry of Trade of Panama, Diana Salazar.
South Korea signs free trade agreements with the Central American countries of Costa Rica, El Salvador, Honduras, Nicaragua, and Panama to eliminate duties on about 95% of traded goods and services.