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Jeju firms bag US$3 mln in contracts for local goods shipments abroad

According to Yonhap News,

(JEJU=Yonhap News) The Jeju provincial government said Friday it sent trade delegations to Taiwan, Hong Kong and Mongolia last week to sign deals for exports of local products worth several million U.S. dollars. Scores of companies based in the southern resort island of Jeju joined the delegations that visited the Asian economies between March 19 and 25, the Jeju government said in a press release.

The amount of contracts signed surpassed the US$3.05 million.

Jeju Wooda has signed a contract for exports of facial mask packs worth $120,000 and $12,000 to Taiwan and Mongolia each. The packs were made of various herbs, horse milk, pine mushroom and other ingredients indigenous to the island.

Dutch coffee producer WithO, meanwhile, signed a $50,000 contract for shipments of coffee made with Samdasoo, volcanic bedrock water produced and bottled by the Jeju Special Self-Governing Province Development Corporation, and organic Ethiopian coffee beans to Mongolia.

"We've organized the trade delegations to help local companies make inroads into Asia and Europe as they are currently suffering from trade retaliations from China," a Jeju government official said, referring to Beijing's economic sanctions over Seoul's deployment of a U.S. missile defense system on its soil.

A file photo of a Jeju trade delegation in Taipei on March 20, 2017. (Yonhap)A file photo of a Jeju trade delegation in Taipei on March 20, 2017. (Yonhap)

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Source Text

Source: Yonhap News (Mar. 31, 2017)