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With imports and exports worth $9 billion and $19 billion respectively, the Republic of Korea is Australia’s fourth-largest trading partner. We share tips to help Australian business prepare for opportunities in South Korea.
The Republic of Korea is Australia’s fourth-largest trading partner.
While our imports from South Korea total $9 billion, our exports to South Korea are worth a staggering $19 billion – making this Asian nation of 50 million people Australia’s third-largest goods export market. With the signing of the Australia-Korea Free Trade Agreement expected to cement the relationship further, here’s some tips to help Australian business prepare for opportunities in South Korea.
Source: Austrade
This article was first published in Business View magazine (May 2014). For more articles and interactivity, download the iPad edition of Business View for free via our new app NAB Think.
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