Brazil, South Korea Strike Deal to Boost Access to Key Products

Key Takeaways

• BRAZILIANS COULD MORE EASILY GET THEIR HANDS ON COVETED PRODUCTS UNDER A DEAL STRUCK DURING PRESIDENT LUIZ LULA DA SILVA’S STATE VISIT TO SOUTH KOREA.
• BRAZILIANS COULD MORE EASILY GET THEIR HANDS ON COVETED PRODUCTS UNDER A DEAL STRUCK DURING PRESIDENT LUIZ LULA DA SILVA’S STATE VISIT TO SOUTH KOREA.LULA AND SOUTH KOREAN LEADER LEE JAE MYUNG SIGNED A SLEW OF AGREEMENTS WITH THE BRAZILIAN PRESIDENT IN SEOUL, COVERING EVERYTHING FROM AGRICULTURE TO BUSINESS COOPERATION.LEE SINGLED OUT A MEMORANDUM OF UNDERSTANDING TO BOOST REGULATORY COOPERATION IN THE HEALTH SECTOR, WHICH COULD EASE BARRIERS FOR SKINCARE PRODUCTS SHIPPED TO SOUTH AMERICA.REPORT HAS IT THAT SOUTH KOREA HAS EMERGED AS A MAJOR PLAYER IN THE GLOBAL COSMETICS INDUSTRY, EXPORTING BILLIONS OF DOLLARS WORTH OF SKINCARE PRODUCTS EVERY YEAR BRAZIL IS ONE OF THE LARGEST MARKETS FOR BEAUTY PRODUCTS IN THE WORLD.
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