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Instead of trying to sign free trade agreements (FTA) with all the countries in any region or continent, Korea can take advantage of a specific nation that freely trades with its neighboring states.
This is the unique idea of Colombian Minister of Trade, Industry and Tourism Luis Guillermo Plata, who said Colombia can become an ``FTA hub'' for Korean firms in the South and Central American areas.
``Colombia has negotiated FTAs with all the neighboring countries including Brazil, Argentina, Uruguay, Paraguay, Peru and Mexico,'' Plata told The Korea Times in an interview earlier this week.
``So companies investing in Colombia are looking at markets of 45 million, which is not a small market, and they are also reaching the neighboring countries as well... We are emerging as a hub of the region.''
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