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Korea, MERCOSUR convene first round of negotiations for trade agreement
Korean government officials led by the Trade Ministry’s Director General for Free Trade Agreement Negotiations Kim Ki-joon (center) met with their counterparts from the South American trade bloc, MERCOSUR, led by Director General for Integration and MERCOSUR Affairs of the Uruguayan Foreign Ministry Valeria Csukasi (second from left) to conve...
Minister Paik delivers speech on industrial cooperation at Korea-Indonesia Business and Investment Forum
Trade, Industry and Energy Minister Paik Ungyu delivered a speech on industrial cooperation at the Korea-Indonesia Business Investment Forum attended by Indonesian President Joko Widodo in Seoul on September 10.During his welcoming remarks, Minister Paik called for strengthening cooperation between the two Asian countries in manufacturing, infrastr...
Trade Minister attends 6th RCEP ministerial meeting
Trade Minister Kim Hyun-chong (fifth from right in the first row) attended the sixth Regional Comprehensive Economic Partnership (RCEP) ministerial meeting held in Singapore from August 30 to 31.During the meeting, Trade Minister Kim and top trade officials from 16 countries including China, Japan, and Association of Southeast Asian Nations (ASEAN)...
Trade Ministry publishes agreed outcomes of Korea-US FTA amendment and modification negotiations
The Ministry of Trade, Industry and Energy and the Office of the United States Trade Representative published the agreed outcomes of amendment and modification negotiations to the Korea-US Free Trade Agreement at 10:00 p.m. (local time) on September 3.As the first step in its domestic procedure, the Ministry will gather public comments on the Korea...
Trade Minister meets US chief trade negotiator
Trade Minister Kim Hyun-chong (right) met with U.S. Trade Representative Robert Lighthizer to discuss the follow-ups for updating the Korea-US free trade agreement in Washington on July 27. The two countries had reached an agreement in principle on reforming the six-year-old Korea-US trade pact in March 25 this year and since then, the...
Trade Minister meets with NEC director to call for US car tariff exemptions
Trade Minister Kim Hyun-chong (left) met Larry Kudlow, Director of the U.S. National Economic Council (NEC), in Washington on July 20 and called on the U.S. government to exempt tariffs on the imports of Korean cars and car parts. The Minister explained to the White House economic advisor that Korea should not be subject to the Section 232 t...
South Korea, Canada discuss joint response to US auto tariffs
Trade Minister Kim Hyun-chong (right) and Canadian Minister of Foreign Affairs Chrystia Freeland discussed ways to cooperate against the U.S. Section 232 investigations into auto and auto parts imports in Canada on July 18. Both Ministers agreed that the two countries, both of which are allied with the U.S. and have a trade pact with t...
Trade Minister exchanges views with advisors on trade issues
Trade Minister Kim Hyun-chong (center) hosted a meeting with advisors for trade issues in the private sector to discuss a strategic approach to key trade issues facing Korea in Seoul on July 16. Key issues brought to the table ranged from the government’s response to the U.S.-China trade tensions to the U.S. Section 232 probe into impo...
Vice Minister attends trade remedy forum
Vice Minister of Trade, Industry and Energy Lee In-ho (seventh from left, front row) gave the congratulatory remarks at the Seoul International Forum on Trade Remedies 2018 in Seoul on July 3. Saying that the free trade system has contributed to growth and made our lives considerably better, Vice Minister Lee called for fair and transp...
Trade Minister calls for swift RCEP deal
Trade Minister Kim Hyun-chong (third from left, back row) attended the ministerial meeting for the Regional Comprehensive Economic Partnership (RCEP) that took place in Tokyo on July 1. In his opening remarks, Trade Minister Kim said that reaching a RCEP deal would be a great opportunity to show that shared prosperity can be built acro...