South Korea Becomes First Asian Country to Ratify Free Trade Deal With Israel

The flag of South Korea. Photo: Wikimedia Commons.

The first-ever free trade agreement (FTA) between Israel and an Asian country is set to go into effect on Dec. 1, Israel’s Economy Ministry announced on Wednesday.

The announcement comes after South Korea’s National Assembly on Tuesday ratified the FTA with Israel, marking the 60th anniversary of the establishment of diplomatic ties between the two countries. The trade deal is Korea’s first in the Middle East.

Israel’s Prime...