Ministry of Trade, Industry and Energy

Korea and Saudi Arabia follow up on economic summit diplomacy outcomes for cooperation in EVs and bio

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. Minister Alkhorayef is the first Saudi high-level official to visit Korea following the state visit made by President Yoon Suk Yeol in October. During the talks between the two industry ministers, Minister Bang affirmed that the implemen date2023-12-18

Korea spurs support for Uzbekistan's WTO accession

The Ministry of Trade, Industry and Energy (MOTIE) held a seminar, joint advisory committee meeting and bilateral negotiations in Tashkent on December 13 for supporting Uzbekistan’s WTO accession. The seminar was attended by approximately 40 persons, including Uzbekistan’s Presidential Office and both countries’ government officials, research institutions and academia experts. The Korean delegation gave a presentation on the WTO Agreement on Subsidies and Countervailing Measur date2023-12-13

Korea and EU launch official negotiations for digital trade agreement

The Ministry of Trade, Industry and Energy (MOTIE) announced on December 13 that the first official negotiating round for the Korea-EU Digital Trade Agreement will be held through December 13-15 in Brussels, Belgium, the first official negotiating session convened since the declaration on the launch of official negotiations in October, led by Korea’s Minister for Trade Dukgeun Ahn and the European Commission Executive Vice-President Valdis Dombrovskis. Through the digital trade negotiatio date2023-12-13

Korea and Indonesia to kick CEPA implementation into high gear

Director General for FTA Policy Ahn Chang-yong at the Ministry of Trade, Industry and Energy (MOTIE) headed the Korean delegation in the Korea-Indonesia Joint Committee meeting on December 12 in Bali, their first meeting following the bilateral Comprehensive Economic Partnership Agreement (CEPA)’s entry into force on January 1 this year. The Korean delegation consisted of representatives from relevant ministries, including the Ministry of Economy and Finance (MOEF), Ministry of Oceans and date2023-12-12

Trade ministers' meeting held prior to MC13

Trade, Industry and Energy Deputy Minister for FTA Negotiations Roh Keon-ki attended the meeting convened on December 11 via videoconferencing prior to the upcoming World Trade Organization (WTO)'s 13th Ministerial Conference (MC13) to discuss and build consensus on major agenda items with the U.S., China, the UK, India and other member countries. Deputy Minister Roh placed emphasis on the need for recovering the multilateral system through the WTO reform as a message that needs to be shared du date2023-12-12

Korea and GCC to accelerate the advancement of bilateral FTA

Director General for FTA Negotiations Chang Sung-gil at the Ministry of Trade, Industry and Energy (MOTIE) is leading the Korean delegation in the chief delegate talks with the Gulf Cooperation Council (GCC) to be held through December 11-13 in Riyadh, Saudi Arabia, for advancing negotiations for the Free Trade Agreement (FTA) between Korea and the alliance of six Middle Eastern countries, namely Saudi Arabia, Kuwait, the United Arab Emirates (UAE) Qatar, Bahrain, and Oman. The GCC delegation i date2023-12-11

Korea and Vietnam hold joint 7th FTA Committee & 13th Industrial Committee meetings

Minister Bang Moon Kyu led the Korean delegation in the 7th Korea-Vietnam FTA Joint Committee meeting and the 13th Korea-Vietnam Industrial Joint Committee meeting on December 7 at the Shilla Seoul and discussed with the Vietnamese delegation, headed by Vietnam’s Industry and Trade Minister Nguyen Hong Dien, the major issues for implementing their bilateral FTA, including import controls, updating of country of origin standards, resolving of non-tariff barriers, and agricultural trade, and date2023-12-08

Trade Minister meets with Bulgaria's Economy and Industry Minister

Minister for Trade Dukgeun Ahn met with Bulgaria’s Economy and Industry Minister Bogdan Bogdanov on December 6 in Seoul and discussed measures for stronger economic, trade, investment and industrial cooperation between the two countries. date2023-12-07

Korea and Bulgaria discuss measures for stronger trade and industrial cooperation

Minister for Trade Dukgeun Ahn met with Bulgaria’s Economy and Industry Minister Bogdan Bogdanov on December 6 in Seoul and discussed measures for stronger economic, trade, investment and industrial cooperation between the two countries. Noting that the two countries' collaboration, which used to revolve around photovoltaic power generation, is recently diversifying and expanding to other areas like automotive parts, Trade Minister Ahn said that he looks forward to their future cooperatio date2023-12-06

Korea and China hold 5th bilateral FTA Joint Committee Meeting

Minister for Trade Dukgeun Ahn led the Korean delegation in the fifth Korea-China Free Trade Agreement (FTA) Joint Committee meeting on December 4 in Beijing to discuss measures for expanding bilateral cooperation in economy, service industries and supply chain with International Trade Representative Wang Shouwen, who led the Chinese delegation. date2023-12-05