Brunei - Oct 02

The Prince of Brunei met with the Republic of Korea's Minister of Foreign Affairs and Trade ahead of the upcoming ASEAN-Korea summit to be held in Seoul this December. The bilateral negotiations included talks of deepening trade ties in light of the ASEAN-Korea Free Trade Agreement. In particular, while the Prince stated that Brunei's oil industry has been greatly boosted thanks to the free trade agreement, many important agreements including a double taxation agreement and Joint Venture Agreement on Agriculture still have to be finalized. Source: Borneo Bulletin