- Registration date2024-03-28
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Deputy Minister for Trade Yang Byeong-nae attended the Boao Forum for Asia (BFA) Annual Conference 2024 held in Boao, China's Hainan Province, through March 26-29 under the theme of "Asia and the World: Common Challenges, Shared Responsibilities.”
Launched in 2001, BFA is a venue where Asia’s key figures in governments, corporations, and academia gather to discuss measures for economic development. This year’s conference was attended by the representatives of 29 Asian countries.
In the panel session on “Asia: Building an Epicentrum of Growth,” Deputy Minister Yang discussed measures for enhancing intraregional economic cooperation with other experts, presenting the following three key tasks for Asia to identify new opportunities for growth amid recent global trade uncertainties and exercise global leadership: enhancing the quality of intraregional economic cooperation; proposing a vision for global agendas like climate change response and digital economy; and heightening the utilization of the Regional Comprehensive Economic Partnership (RCEP) that entered into force in 2022.
He further emphasized Korea’s plan to utilize the intraregional cooperation platform like RCEP and ASEAN-Plus Three (APT) for facilitating trade and investment, stabilizing the supply chain, and diffusing new trade norms, including green and digital.