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FTA/Economic Cooperation

FTA/Economic Cooperation

National Assembly ratifies ROK-Israel and ROK-Cambodia FTAs

Trade Minister Ahn Duk-geun announced on September 27 that the National Assembly has ratified Korea’s FTAs with Israel and Cambodia, respectively. The ROK-Israel FTA was finalized in August 2019 after six official negotiation rounds, and submitted to the National Assembly this January. The ROK-Cambodia FTA was finalized in February 2021 afte...

2022-09-29

7th round of ROK-Ecuador SECA negotiations

The Ministry of Trade, Industry and Energy (MOTIE) announced on September 20 that the seventh round of negotiations for ROK-Ecuador SECA (Strategic Economic Cooperation Agreement) will be held through September 20-October 5 via videoconferencing. The bilateral SECA negotiations were restarted in Seoul after a six-year hiatus, and the talks saw subs...

2022-09-20

Korea attends 2nd RCEP Joint Committee Meeting

Korea attends 2nd RCEP Joint Committee Meeting

Trade, Industry and Energy FTA Negotiations Director General Lee Kyung-sik attended the 2nd Regional Comprehensive Economic Partnership (RCEP) Joint Committee Meeting held on August 25 via videoconferencing with 14 RCEP member states’ representatives to discuss RCEP implementation system. In his opening remarks, Director General Lee st...

2022-08-26

Korea attends 2nd RCEP Joint Committee Meeting

The Ministry of Trade, Industry and Energy (MOTIE) announced on August 25 the launching of the 2nd Regional Comprehensive Economic Partnership (RCEP) Joint Committee Meeting, which was attended by approximately 40 persons from 14 member states via videoconferencing. The Korean government delegation is led by Lee Kyung-sik, MOTIE’s Director Ge...

2022-08-26

MOTIE holds Industry Conference in response to CHIPS Act

Trade, Industry and Energy Minister Lee Chang-yang held the Semiconductors, Cars and Batteries Industry Conference (hereinafter “Conference”) in Seoul on August 25 to seek public-private joint countermeasures in response to the U.S.’ recently passed CHIPS Act (Creating Helpful Incentives to Produce Semiconductors for America Act) ...

2022-08-25

Korea and Vietnam hold Ministerial talks for economic cooperation

Trade, Industry and Energy Minister Lee Chang-yang held talks with Vietnamese counterpart Minister Nguyen Hong Dien on the occasion of the latter's visit to South Korea. Mentioning the two countries’ diplomatic ties establishment in 1992, Minister Lee stated that Vietnam is one of South Korea’s four major trading partners after Chi...

2022-08-02

19th Korea-ASEAN FTA Implementation Committee Meeting

The Ministry of Trade, Industry and Energy (MOTIE) held the 19th Korea-ASEAN FTA Implementation Committee Meeting on July 27 to discuss the furthering of free trade agreements (FTAs) and new trade order issues. MOTIE was represented by a 12-member delegation consisting of officials from relevant ministries and institutions, including MOTIE, the Min...

2022-07-28

Korea and China hold FTA follow-up negotiations on service and investment

The Ministry of Trade, Industry and Energy (MOTIE) held Korea-China FTA service and investment follow-up negotiations at chief delegate-level on July 13 via teleconferencing. MOTIE’s chief FTA negotiator Lee Kyung-sik led the Korean delegation, and Director-General Yu Benlin of China’s Department of International Trade and Economic Affa...

2022-07-13

Trade Minister attends Korea-U.S. Trade Cooperation Roundtable

Trade Minister attends Korea-U.S. Trade Cooperation Roundtable

Trade Minister Ahn Duk-geun attended the Korea-U.S. Trade Cooperation Roundtable on July 8 at the Four Seasons Hotel Seoul to share updates on the Korea-U.S. FTA, Indo-Pacific Economic Framework (IPEF) launch, supply chain communication channel, CHIPS for America Act and U.S. visa quota for highly-skilled Korean workers. The meeting was conv...

2022-07-12

5th Korea-Singapore FTA implementation review

Trade, Industry and Energy Ministry’s Director-General for FTA Policy Yang Kwi-wook led the Korean delegation in the 5th Korea-Singapore FTA implementation review meeting on June 16 via videoconference to assess both sides’ implementation progress regarding the bilateral FTA enforced in 2006. The Singaporean delegation head was Director...

2022-06-17

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