Partner Article

Korea prospects look good for region’s exporters

NORTH East firms are being offered the chance to explore the promise of business opportunities in the Far East with the help of UK Trade & Investment (UKTI).

As part of its programme of Market Visits, UKTI will be taking a delegation from the region to South Korea and Japan next year (26 February-5 March 2011) and will visit the capital cities of Seoul and Tokyo.

There will also be two special events next month – Korea: Free Trade Agreement Opportunities on 3 November and an Asia Task Force: meet the experts event on 24 November - offering companies a chance to find out more about the opportunities and the Market Visit.

Jeff Thompson, one of UKTI’s International Trade Advisers, who will accompany the Market Visit, said:

“There is a wealth of opportunities in both Korea and Japan and we’re keen to help the region’s companies exploit them.

“South Korea is often thought of as a difficult market, but it really is worth the effort. It is the fourth largest market in Asia and was one of only three OECD (Organisation for Economic Cooperation and Development) countries not to go into recession during the recent downturn.

“And the introduction of the EU/South Korea Free Trade Agreement and a passion for UK goods means South Korea is becoming a lucrative market with numerous and varied opportunities.

This was posted in Bdaily's Members' News section by Ruth Mitchell .