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FTA/Economic Cooperation

FTA/Economic Cooperation

Korea and Indonesia hold talks regarding CEPA, IPEF, and other trade issues

Trade, Industry, and Energy Minister Moon Sung-wook held a videoconference with Indonesia’s Trade Minister Muhammad Lutfi on April 11 to discuss the Korea-Indonesia Comprehensive Economic Partnership Agreement (CEPA), Indo-Pacific Economic Framework (IPEF), and other trade issues. This meeting was a follow-up to further the Korea-Indonesia Ec...

2022-04-12

Korea-Brunei hold talks on CPTPP and other trade issues

Korea-Brunei hold talks on CPTPP and other trade issues

Trade Minister Yeo Han-koo held a teleconference with Brunei’s Finance Deputy Minister Dato Mohd Amin Liew Abdullah on April 7 at the Korea Chamber of Commerce and Industry (KCCI) to discuss the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and other trade issues. Minister Yeo mentioned the recent publi...

2022-04-08

Korea and EU hold 10th Goods Trade Committee

The Ministry of Trade, Industry, and Energy (MOTIE) held the 10th Goods Trade Committee (GTC) with the EU delegation via teleconference for promoting Korea-EU trade of goods under the FTA framework. MOTIE's Director General for International Trade Affairs Kim Wan-ki headed the Korean delegation, which comprised officials from various ministries, in...

2022-04-08

Trade Minister holds 5th Korea-Australia FTA Joint Committee Meeting

Trade Minister holds 5th Korea-Australia FTA Joint Committee Meeting

Trade Minister Yeo Han-koo held the 5th Korea-Australia FTA Joint Committee Meeting via teleconference on April 5 with Australia’s Minister for Trade, Tourism and Investment Dan Tehan to discuss the Indo-Pacific Economic Framework, Korea-Australia FTA implementation progress, and major trade issues. The two trade chiefs covered k...

2022-04-07

Trade Minister holds 5th Korea-Australia FTA Joint Committee Meeting

Trade Minister Yeo Han-koo held the 5th Korea-Australia FTA Joint Committee Meeting with Australia’s Minister for Trade, Tourism and Investment Dan Tehan on April 5 via teleconference. The meeting was held at ministerial level in consideration of the two countries’ stronger bilateral ties ensuing the elevation from the former expanding...

2022-04-07

4th round of Korea-GCC FTA negotiations

The 4th round of Korea-GCC FTA negotiations are being held (March 28-31) in Seoul. Korea’s government delegation is led by Ministry of Trade, Industry, and Energy (MOTIE)’s Director General for FTA Negotiations Lee Kyung-sik, and consists of relevant ministries’ officials across the Ministry of Economy and Finance, Ministry of Agr...

2022-03-31

MOTIE holds public hearing on CPTPP application

Trade, Industry, and Energy Minister Moon Sung-wook held a public hearing on its application for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on March 25 at the Government Complex Sejong to gather opinions of interest parties, experts and the general public. The hearing was commenced by opening remarks of Trade ...

2022-03-30

MOTIE holds 5th Korea-Turkey FTA Joint Committee Meeting

The Ministry of Trade, Industry, and Energy held the 5th Korea-Turkey FTA Joint Committee Meeting on March 22 in Sejong City via videoconference to assess the FTA implementation progress on both sides in commemoration of their 9th year of enforcement. Representing Korea was Director General for FTA Policy Yang Gi-uk, whose Turkish counterpart was H...

2022-03-28

10 years of Korea-U.S. FTA: Decade of Growth and Mutual Benefits

The Korea-U.S. FTA has reached 10 years since enforcement in 2012. Statistics show that the agreement has enlarged bilateral trade, as well as Korea’s exports to the U.S. over the decade. In 2012, Korea-U.S. trade amounted to USD 101.8 billion, which grew 66.1 percent to $169.1 billion in 2021. Korea’s shipments imports, and trade balan...

2022-03-21

Trade Minister visits US in commemoration of Korea-US FTA 10th Anniversary

Trade Minister visits US in commemoration of Korea-US FTA 10th Anniversary

Trade Minister Yeo Han-ku and a parliamentary delegation visited the U.S. through March 14-18 (local time) in commemoration of the Korea-U.S. FTA 10th Anniversary, and met up with various U.S. government officials, lawmakers, and entrepreneurs. They met with Senator Tom Carper on March 15 and discussed the need for digital trade rules establ...

2022-03-17

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