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FTA/Economic Cooperation
10th Korea-EU FTA working group meeting on pharmaceuticals and medical devices
The Ministry of Trade, Industry and Energy (MOTIE), together with the Ministry of Health and Welfare and the Ministry of Food and Drug Safety, convened the 10th Korea-EU FTA working group (hereinafter “working group”) meeting on pharmaceuticals and medical devices on May 19 at the Government Complex Sejong via videoconference with their EU counterparts. The Korean delegation was led by MOTIE’s Europe Division Trade Policy Director Seo Sung-tae, while the EU delegation was led date2022-05-19
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FTA/Economic Cooperation
MOTIE holds 1st RCEP Joint Committee Meeting
The Ministry of Trade, Industry, and Energy (MOTIE) attended the Regional Comprehensive Economic Partnership (RCEP) Joint Committee on April 26 via videoconferencing at the Government Complex Seoul, the first meeting since its coming into force on February 1 this year. The Korean government delegation is led by MOTIE’s Director General for FTA Negotiations Lee Kyung-sik and comprises eight delegates from relevant ministries, including the Ministry of Economy and Finance and the Minis date2022-04-27
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FTA/Economic Cooperation
Government signs resolution for Korea’s CPTPP application
The Government signed the written resolution for Korea’s Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) application at the 228th Economic Ministers’ Meeting held on April 15. The CPTPP application plan was established based on outcomes of social discussions and a public hearing held on March 25, on which a written resolution was signed on April 11-15. Trade Minister Yeo Han-koo stated that “CPTPP application is a matter that Korea has been cont date2022-04-19
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FTA/Economic Cooperation
Korea and Malaysia hold trade talks on CPTPP and stronger supply chain cooperation
Trade Minister Yeo Han-koo held a teleconference with Malaysia’s International Trade and Industry Minister Mohamed Azmin Ali on April 18 at Korea Chamber of Commerce and Industry (KCCI) in Seoul to discuss various trade issues, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Indo-Pacific Economic Framework (IPEF), and supply chain cooperation. Japan, Singapore, Vietnam, Australia, New Zealand, Canada, Mexico, Peru, Chile, Malaysia, and Brunei, date2022-04-19
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FTA/Economic Cooperation
Korea and Malaysia hold trade talks on CPTPP and supply chain cooperation
Trade Minister Yeo Han-koo held a teleconference with Malaysia’s International Trade and Industry Minister Mohamed Azmin Ali on April 18 at Korea Chamber of Commerce and Industry (KCCI) in Seoul to discuss various trade issues, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Indo-Pacific Economic Framework (IPEF), and supply chain cooperation. date2022-04-19
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FTA/Economic Cooperation
Trade Minister visits data-driven smart farm complex
Trade Minister Yeo Han-koo visited the Korean-style data-driven smart farm test complex and exports-focused cultivation site located in Wonbuk-myeon, Taean-gun, Chungcheongnam-do on April 13 to check the progress of domestic support projects pushed in response to Free Trade Agreements. Operated by Wonbuk-myeon Agricultural Cooperative and contractor company Culti Labs, the data-driven smart farm is powered by using the thermal discharge of nearby Taean Thermal Power Station to grow its date2022-04-14
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FTA/Economic Cooperation
Korea and Indonesia hold talks regarding CEPA, IPEF, and other trade issues
Trade, Industry, and Energy Minister Moon Sung-wook held a videoconference with Indonesia’s Trade Minister Muhammad Lutfi on April 11 to discuss the Korea-Indonesia Comprehensive Economic Partnership Agreement (CEPA), Indo-Pacific Economic Framework (IPEF), and other trade issues. This meeting was a follow-up to further the Korea-Indonesia Economic Cooperation Committee talks held in Jakarta on February 22. The two trade chiefs concurred that it would be vital for both countries to conti date2022-04-12
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FTA/Economic Cooperation
Minister Moon holds Korea-Indonesia trade talks
Trade, Industry, and Energy Minister Moon Sung-wook held a videoconference with Indonesia’s Trade Minister Muhammad Lutfi on April 11 at the Government Complex Sejong to discuss the Korea-Indonesia Comprehensive Economic Partnership Agreement (CEPA), Indo-Pacific Economic Framework (IPEF), and supply chain cooperation. date2022-04-12
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FTA/Economic Cooperation
Korea and EU hold 10th Goods Trade Committee
The Ministry of Trade, Industry, and Energy (MOTIE) held the 10th Goods Trade Committee (GTC) with the EU delegation via teleconference for promoting Korea-EU trade of goods under the FTA framework. MOTIE's Director General for International Trade Affairs Kim Wan-ki headed the Korean delegation, which comprised officials from various ministries, including the Science and Technology Ministry, Environment Ministry, and the Food and Drug Safety Ministry. In the meeting, Korea and EU assessed the date2022-04-08
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FTA/Economic Cooperation
Korea-Brunei hold talks on CPTPP and other trade issues
Trade Minister Yeo Han-koo held a teleconference with Brunei’s Finance Deputy Minister Dato Mohd Amin Liew Abdullah on April 7 at the Korea Chamber of Commerce and Industry (KCCI) to discuss the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and other trade issues. Minister Yeo mentioned the recent public hearing held on March 25, among other procedures, to share an update of the efforts Korea is putting forth for CPTPP accession. The two Ministers date2022-04-08