South Korea: Leaders of South Korea and Australia vowed Monday to wrap up by the end of the year their talks on a free trade agreement, which had stalled over access to Seoul s beef market.
President Lee Myung-Bak and Prime Minister Julia Gillard "looked forward to building on a mutually beneficial and stable partnership in trade and the development of natural resources", according to a joint statement after their summit.
They reaffirmed "their joint goal to conclude the (FTA) negotiations this year".
The talks, which started in May 2009, hit a snag over Australia s demand for the wider opening of the beef market. It is seeking similar access to that given to the United States in an FTA signed in December but not yet in force. …
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