WELLINGTON, Nov. 23 (Xinhua) -- New Zealand will advance its economic relations with South Korea, New Zealand Minister for Trade and Export Growth David Parker said on Saturday before his visit to the East Asia country.
Parker's four-day visit is set to build on New Zealand government's efforts to expand and enhance its trading links with South Korea.
"South Korea is one of New Zealand's most significant trading partners. We share strong bilateral trade and economic ties, underpinned by the Free Trade Agreement between our two countries, but we see opportunity to do a lot more," said Parker.
The minister will be accompanied by a business delegation, representing sectors from food and beverage to renewable energy, for a potential new export program in Seoul.
South Korea is New Zealand's fifth largest goods export market and two-way goods trade totaled 4.2 billion New Zealand dollars in the year ending June 2019. (1 New Zealand = 0.64 U.S. dollar)
