-
Trade/Investment
Trade Minister meets with Finland's Minister for Foreign Trade and Development
Minister for Trade Inkyo Cheong met with Finnish Minister for Foreign Trade and Development Ville Tavio on February 26 at the Abu Dhabi National Exhibition Center (ADNEC) in UAE on the margins of the WTO’s MC13 to discuss Korea-Finland economic cooperation measures and MC13 agenda issues. date2024-02-27
-
Trade/Investment
Minister Ahn chairs 1st Global Trade Strategy Meeting
Trade, Industry and Energy Minister Dukgeun Ahn chaired the 1st Global Trade Strategy Meeting on February 26 at Lotte Hotel Seoul to discuss the global trade environment forecast and analysis and to review the response strategies and directions for the Korean government and industries in view of the shifting international landscape. Global Trade Strategy Meeting attendees were composed of international relations experts and representatives of relevant institutions, including Korea Trade-Investment Promotion Agency (KOTRA), Korea Chamber of Commerce and Industry (KCCI) and the Korea Institute for International Economic Policy (KIEP). date2024-02-27
-
Trade/Investment
Government, industry and academia experts seek measures for overcoming global trade uncertainties in 2024
Trade, Industry and Energy Minister Dukgeun Ahn chaired the 1st Global Trade Strategy Meeting on February 26 at Lotte Hotel Seoul to discuss the global trade environment forecast and analysis and to review the response strategies and directions for the Korean government and industries in accordance with the shifting international landscape, in view of this year’s upcoming elections in 76 countries and the expected surge of global uncertainties and trade risks. The Global Trade Strategy Meeting members were composed of representatives of relevant industries, trade, industry and international relations experts and Government officials. Minister Ahn stated that “As the state of the global trade environment is critical, the Government will identify and share information at a faster pace and provide a more detailed response by utilizing the Global Trade Strategy Meeting as a platform.” He added that “Trade authorities are closely negotiating through multilevel channels over various issues, including the U.S.’ Inflation Reduction Act (IRA), ‘foreign entity of concern’ (FEOC), chip subsidies and the EU’s Carbon Border Adjustment Mechanism (CBAM), and plan to team up with industries to redouble the efforts so that our position can be taken into utmost consideration.” The Ministry of Trade, Industry and Energy (MOTIE) plans to launch a two-track system within this year consisting of the Global Trade Strategy Meeting, as a minister-chaired public-private joint cooperation channel, and a consultative working group. The consultative working group will be held on a regular basis as a follow-up to the Global Trade Strategy Meeting for developing response strategies per each possible scenario based on detailed analysis on various risks by issue, region, and business in order to give full attention to managing the trade risks for this year. date2024-02-27
-
Trade/Investment
Trade ministers issue joint ministerial declaration on IFD on margins of MC13
Minister for Trade Inkyo Cheong took part in issuing the joint ministerial declaration on the Investment Facilitation for Development (IFD) Agreement, of which Korea co-chaired with Chile, on February 26 at the Abu Dhabi National Exhibition Centre (ADNEC) in the United Arab Emirates (UAE) on the margins of the WTO’s MC13 together with the WTO Director General Ngozi Okonzo-Iweala and trade ministers of other participating and interested countries. date2024-02-26
-
Trade/Investment
Trade Minister meets with Singapore's Trade and Industry Minister
Minister for Trade Inkyo Cheong met with Singapore’s Trade and Industry Minister Gan Kim Yong on February 25 in Abu Dhabi, UAE, on the margins of the WTO’s MC13 to discuss cooperation in EV investment, supply chain partnership and the implementation and improvement of the Korea-Singapore FTA. date2024-02-26
-
Trade/Investment
Trade Minister attends WTO Ottawa Group trade ministers' meeting
Minister for Trade Inkyo Cheong attended the WTO Ottawa Group Trade Ministers’ meeting on February 25 in Abu Dhabi, UAE, with 13 other Group member countries’ trade ministers to discuss measures for MC13 agenda items and for the WTO dispute settlement reform on the margins of the 13th WTO Ministerial Conference (MC13). date2024-02-26
-
Trade/Investment
Trade Minister takes part in Coalition of Trade Ministers on Climate
Minister for Trade Inkyo Cheong took part in the Coalition of Trade Ministers on Climate meeting on February 25 in Abu Dhabi, UAE, on the margins of the 13th WTO Ministerial Conference (MC13) with trade ministers of other coalition member countries and voiced strategic views on the coalition’s priorities and voluntary actions. date2024-02-26
-
Trade/Investment
Trade Minister meets with Korean businesses in UAE to discuss Korea-UAE CEPA
Minister for Trade Inkyo Cheong met with representatives of Korean companies operating in the local UAE market and gave a briefing on the Korea-UAE CEPA inked last October and led discussions on measures for securing a competitive advantage utilizing this Agreement. The conference was attended by representatives of Korea’s companies operating in UAE as well as related institutions, including Hyundai Motor, Hanwha Systems, POSCO International, aT Center and Korea Trade-Investment Promotion Agency (KOTRA). date2024-02-26
-
Trade/Investment
Trade Minister meets with WTO Director General
Minister for Trade Inkyo Cheong held bilateral talks with World Trade Organization (WTO) Director General Ngozi Okonjo-Iweala on February 24 on the margins of the WTO's MC13 and delivered a KRW 1.4 billion certificate of contribution for developing countries’ implementation of the Fisheries Subsidies Agreement and discussed WTO reform for restoring the multilateral trade system, along with other agenda items of MC13. date2024-02-26
-
Trade/Investment
Trade Minister meets with UAE's Minister of State for Foreign Trade
Minister for Trade Inkyo Cheong, on the margins of the 13th World Trade Organization (WTO) Ministerial Conference (MC13), held bilateral talks with the United Arab Emirates (UAE)’ Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi on February 24 to discuss measures for implementing the Korea-UAE Comprehensive Economic Partnership Agreement (CEPA) and the Korea-UAE Trade and Investment Promotion Framework (TIPF). date2024-02-26