Wine flows after Korean free trade pact

Australia’s and South Korea’s trade ministers have patted themselves on the back over boosted exports stemming from a close-to-two-year free trade pact. South Koreans are going nuts for macadamias and the Australian wine is flowing. But a jubilant Trade Minister Steve Ciobo and counterpart Joo Hyung-hwan only had water available to toast the progress of the close-to-two-year free trade pact between Australia and South Korea. The pair reviewed the deal’s progress so far during their bilateral meeting on Thursday afternoon (Peru time) on the sidelines of the APEC summit.