-
FTA/Economic Cooperation
Korea and GCC conclude FTA deal
Minister for Trade Dukgeun Ahn and Gulf Cooperation Council (GCC) Secretary General Jassim Mohammed Al-Budaiwi concluded and signed the joint statement for the Korea-GCC Free Trade Agreement (FTA) on December 28 in Seoul. The Korea-GCC FTA is Korea’s 25th FTA (by concluded order), and the second FTA with an Arab country following the Korea-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (CEPA) concluded in October. Trade Minister Ahn assessed that “alongsid date2023-12-28
-
FTA/Economic Cooperation
Korea and Africa hold 2nd Trade & Industry Cooperation Forum
Deputy Trade Minister Yang Byeong-nae at the Ministry of Trade, Industry and Energy attended the second Korea-Africa Trade and Industry Cooperation Forum on December 20 at the Westin Josun Hotel Seoul, attended by approximately 110 persons, consisting of the ambassadors and delegations of 17 African countries, as well as business leaders interested in entering the African market, and experts in relevant fields, including Morrocco's Ambassador to Korea Chafik Rachadi and Korea Plant Industri date2023-12-21
-
FTA/Economic Cooperation
Korea's business leaders discuss economic cooperation with African Ambassadors
The Ministry of Trade, Industry and Energy (MOTIE) held the second Korea-Africa Trade and Industry Cooperation Forum on December 20 at the Westin Josun Hotel Seoul, attended by approximately 110 persons, consisting of the ambassadors and delegations of 17 African countries, as well as business leaders interested in entering the African market, and experts in relevant fields, including Morrocco's Ambassador to Korea Chafik Rachadi and Korea Plant Industries Association Vice Chairman Baek Jung-wan date2023-12-21
-
FTA/Economic Cooperation
Korea and Mongolia launch 1st official negotiating round for EPA
Ahn Chang-yong, MOTIE’s Director General for FTA Policy, and Batkhuu Idesh, State Secretary of Mongolia’s Ministry of Economy and Development, headed their respective delegations in the first official negotiating round for Korea-Mongolia EPA on December 18 in Seoul, where they launched negotiations on products, services, investment, economy, development cooperation and digital. date2023-12-19
-
FTA/Economic Cooperation
Korea and Saudi industry ministers discuss economic summit diplomacy outcomes
Trade, Industry and Energy Minister Bang Moon Kyu met with Saudi Arabia’s Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef on December 15 in Seoul to review Korea-Saudi economic summit diplomacy outcomes and discuss follow-up measures. The two ministers then attended the ceremony for signing of an MOU between KG Mobility and Saudi National Automobiles Manufacturing Company (SNAM) for collaboration in producing new batches of electric vehicles (EVs), and another between date2023-12-19
-
FTA/Economic Cooperation
Korea and Mongolia launch first official negotiating round for EPA
The Ministry of Trade, Industry and Energy (MOTIE) announced on December 18 that the first round of official negotiations for the Korea-Mongolia Economic Partnership Agreement (EPA) will be held through December 18-20 in Seoul. Ahn Chang-yong, MOTIE’s Director General for FTA Policy, and Batkhuu Idesh, State Secretary of Mongolia’s Ministry of Economy and Development, are each heading their respective delegations composed of a total of approximately 100 members from both countries. date2023-12-18
-
FTA/Economic Cooperation
MOTIE to disclose and receive public opinion on Korea-Ecuador SECA draft
The Ministry of Trade, Industry and Energy (MOTIE) announced on December 17 that the ministry will disclose on the Korean government's Free Trade Agreement (FTA) website (www.fta.go.kr) both the Korean and English draft versions of the Korea-Ecuador Strategic Economic Cooperation Agreement (SECA) from December 18, 2023, to January 6, 2024, on which the ministry will also receive public opinion. Public opinions are to be received in accordance with MOTIE’s rules on procedural regulations f date2023-12-18
-
FTA/Economic Cooperation
Korea and Saudi Arabia follow up on economic summit diplomacy outcomes for cooperation in EVs and bio
Trade, Industry and Energy Minister Bang Moon Kyu met with Saudi Arabia’s Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef on December 15 in Seoul to review Korea-Saudi economic summit diplomacy outcomes and discuss follow-up measures. Minister Alkhorayef is the first Saudi high-level official to visit Korea following the state visit made by President Yoon Suk Yeol in October. During the talks between the two industry ministers, Minister Bang affirmed that the implemen date2023-12-18
-
FTA/Economic Cooperation
Korea spurs support for Uzbekistan's WTO accession
The Ministry of Trade, Industry and Energy (MOTIE) held a seminar, joint advisory committee meeting and bilateral negotiations in Tashkent on December 13 for supporting Uzbekistan’s WTO accession. The seminar was attended by approximately 40 persons, including Uzbekistan’s Presidential Office and both countries’ government officials, research institutions and academia experts. The Korean delegation gave a presentation on the WTO Agreement on Subsidies and Countervailing Measur date2023-12-13
-
FTA/Economic Cooperation
Korea and EU launch official negotiations for digital trade agreement
The Ministry of Trade, Industry and Energy (MOTIE) announced on December 13 that the first official negotiating round for the Korea-EU Digital Trade Agreement will be held through December 13-15 in Brussels, Belgium, the first official negotiating session convened since the declaration on the launch of official negotiations in October, led by Korea’s Minister for Trade Dukgeun Ahn and the European Commission Executive Vice-President Valdis Dombrovskis. Through the digital trade negotiatio date2023-12-13