Ministry of Trade, Industry and Energy

Deputy Minister attends ceremony for signing of Protocol for Guatemala's accession to Korea-Central America FTA

Deputy Minister for FTA Negotiations Roh Keon-ki of the Ministry of Trade, Industry and Energy (MOTIE) headed the Korean delegation in the formal signing of the Protocol for the Accession of Guatemala to the Free Trade Agreement (FTA) between Korea and five Central American countries on January 8 (local time) in Guatemala with six Central American countries’ delegates, including Guatemala’s Foreign Affairs Minister Mario Búcaro Flores, in the attendance of the Guatemalan Presi date2024-01-09

Guatemala joins Korea-Central America FTA

Deputy Minister for FTA Negotiations Roh Keon-ki of the Ministry of Trade, Industry and Energy (MOTIE) headed the Korean delegation in the formal signing of the Protocol for the Accession of Guatemala to the Free Trade Agreement (FTA) between Korea and five Central American countries on January 8 (local time) in Guatemala with six Central American countries’ delegates, including Guatemala’s Foreign Affairs Minister Mario Búcaro Flores, in the attendance of the Guatemalan Presi date2024-01-09

Korea advances and diversifies trade network

Amid the global rise of protectionism, supply chain disruptions and other rapid shifts in the global trade environment, the Ministry of Trade, Industry and Energy (MOTIE) has been active in advancing and diversifying the trade network for expanding the export market and stabilizing the supply chain. To note, MOTIE strengthened Korea’s economic security by concluding three agreements in the Supply Chain, Clean Economy and Fair Economy Pillars in just one year and a half following the launc date2023-12-28

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

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

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

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

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

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

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