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Peru, South Korea Conclude Talks to Create Free-Trade Agreement

Peru and South Korea today finalized negotiations to create a free trade agreement that could push bilateral trade to $7 billion by 2016, according to a statement on Peru’s presidential website.

Talks between the two countries started in March 2009 in Seoul, according to the statement. Since then, the two countries have held seven rounds of talks covering areas such as market access and rules of origin, the statement said.