English: The two countries also signed a free trade agreement (FTA) in September 2023 to further enhance their bilateral relations. The FTA is expected to remove tariffs on most products from the Philippines and South Korea, as well as enhance investments under the economic and technical cooperation of the trade deal in key industries like smart farming, film production, and electric vehicles, Gatchalian said.
Filipino: Ang dalawang bansa ay pumasok sa isang kasunduan o free trade agreement (FTA) noong Setyembre 2023 para lalo pang mapahusay ang kanilang bilateral relations. Inaasahang sa pamamagitan ng FTA ay maaalis na ang taripa sa karamihan ng mga produkto sa Pilipinas at South Korea at mas huhusay ang mga pamumuhunan sa ilalim ng economic and technical cooperation ng naturang trade deal sa mga industriyang tulad ng smart farming, paggawa ng pelikula, at electric vehicles, dagdag ni Gatchalian.