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FTA/Economic Cooperation
Trade Minister attends trade & foreign ministerial APEC meeting in San Francisco
Minister for Trade Dukgeun Ahn attended Session II of the Asia-Pacific Economic Cooperation (APEC) trade and foreign ministerial meetings held on November 15 in San Francisco, chaired by U.S. Trade Representative Katherine Tai, and proposed two reform measures for establishing a more connected and resilient trade and investment system for the Asia-Pacific region. First, Trade Minister Ahn stated that the World Trade Organization (WTO) MC13, to be held in the United Arab Emirates (UAE) in 2024, date2023-11-17
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FTA/Economic Cooperation
Minister Bang and U.S. Secretary of Commerce discuss cooperation in advanced industries and trade issues
Trade, Industry and Energy Minister Bang Moon Kyu, on the occasion of attending the Asia-Pacific Economic Cooperation (APEC) summit meetings held through November 15-17 in San Francisco, met with U.S. Secretary of Commerce Gina Raimondo on November 15 and discussed measures for expanding bilateral cooperation in semiconductors and advanced industries, and requested continued cooperation in major trade issues. Minister Bang assessed that the two countries have been expanding collaboration in var date2023-11-16
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FTA/Economic Cooperation
Trade Minister holds bilateral talks on sidelines of IPEF & APEC meetings
Minister for Trade Dukgeun Ahn held bilateral talks with the trade leaders of five countries on the sidelines of the Indo-Pacific Economic Framework for Prosperity (IPEF) ministerial meetings and Asia-Pacific Economic Cooperation (APEC) summit, held through November 12-16 in San Francisco, to discuss trade issues. He also asked other countries’ support for World Expo 2030 Busan and their participation in the Carbon Free (CF) Alliance. Trade Minister Ahn first met with Katherine Tai, the U date2023-11-16
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FTA/Economic Cooperation
Korea-Middle East cooperation to enter new era of partnership
Trade, Industry and Energy Minister Bang Moon Kyu chaired the second Korea-Middle East Economic Cooperation Public-Private Joint Committee meeting, where they reviewed achievements and implementation methods, project progress by each department, and issues and suggestions from individual companies. MOTIE reported that since the start of the Yoon Suk Yeol administration, 143 contracts and memorandums of understanding (MOUs) were signed between the two sides worth approximately USD 87.4 billion, date2023-11-10
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FTA/Economic Cooperation
Korea to bolster economic cooperation with Tanzania
Minister for Trade Dukgeun Ahn visited Dodoma, the capital of Tanzania, on November 8 as a Special Presidential Envoy to strengthen economic cooperation with the East African nation amid the rising strategic importance of the African continent as a new export market and major reservoir of mineral resources. The trade minister’s visit was accompanied by a public-private joint economic delegation composed of representatives of relevant organizations and companies, including the Export-Impor date2023-11-09
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FTA/Economic Cooperation
Minister meets with Trinidad and Tobago's Works and Transport Minister
Trade, Industry and Energy Minister Bang Moon Kyu met with Rohan Sinanan, the Minister of Works and Transport of Trinidad and Tobago, on November 2 and discussed measures for stronger cooperation in construction and infrastructure industries. date2023-11-09
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FTA/Economic Cooperation
Korea to strengthen economic cooperation with Trinidad and Tobago
Trade, Industry and Energy Minister Bang Moon Kyu visited the Republic of Trinidad and Tobago as Special Presidential Envoy to strengthen industrial and energy cooperation with Latin American nations on November 2, on the heels of his visit to Chile (Oct. 29-Nov.1). This is the first visit made to the Caribbean island country by Korea’s trade, industry and energy minister. The visit was accompanied by an economic delegation composed of 28 representatives of public and private organization date2023-11-09
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FTA/Economic Cooperation
Korea discusses trade and energy cooperation with Malta
Trade, Industry and Energy Vice Minister Kang Kyungsung met Ian Borg, Malta’s Minister for Foreign and European Affairs and Trade, on November 7 in Seoul and discussed measures for expanding trade and investment, eco-friendly energy cooperation and other bilateral economic collaboration measures. Vice Minister Kang noted that, while the bilateral trade volume between Korea and Malta is not large, there exists various aspects that call for greater trade and investment, such as Malta’ date2023-11-08
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FTA/Economic Cooperation
Korea and Japan discuss future economic cooperation at 16th Industrial Technology Fair
The Ministry of Trade, Industry and Energy (MOTIE), together with the Korea-Japan Cooperation Foundation for Industry and Technology and Japan-Korea Cooperation Foundation for Industry and Technology, launched the 16th Korea-Japan Industrial Technology Fair on November 7 and proposed future directions for bilateral economic cooperation. Launched in 2008, the 16th Korea-Japan Industrial Technology Fair has served as the primary venue for Korea-Japan business exchanges between both countries&rsqu date2023-11-07
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FTA/Economic Cooperation
Korean delegation participates in the 7th IPEF negotiating round
Trade, Industry and Energy Ministry’s Deputy Minister for Trade Negotiations Roh Keon-ki is heading the Korean delegation from November 5-12 in the seventh round of official in-person negotiations for the Indo-Pacific Economic Framework for Prosperity held in San Francisco, U.S. The Korean delegation is composed of representatives of approximately 20 government ministries. The seventh negotiating round was launched 10 days on the heels of the sixth negotiating round held in Malaysia date2023-11-07