South Korea in trade deal with Central America

South Korea and six Central American countries have reached a free trade deal that will eliminate tariffs for more than 95 percent of export items from Asia's fourth-largest economy including autos, steel and textiles, the Korean trade ministry said.

The deal, which will be South Korea's 16th free trade pact if ratified by all parties, will remove tariffs on more than 95 percent of goods exported to the Central American countries.

Source: Reuters