Ministry of Trade, Industry and Energy

Korea and EU hold 11th FTA Trade Committee Meeting

Minister for Trade Dukgeun Ahn attended the 11th Korea-EU Free Trade Agreement (FTA) Trade Committee Meeting on October 31 at the Four Seasons Hotel Seoul to assess the FTA implementation progress and discuss trade issues, including the EU's Carbon Border Adjustment Mechanism (CBAM).   The meeting was attended by European Commission Executive Vice-President Valdis Dombrovskis and both sides’ delegations.   date2023-11-02

Korea and EU assess FTA implementation progress & discuss trade issues

Minister for Trade Dukgeun Ahn and European Commission Executive Vice-President Valdis Dombrovskis chaired the 11th Korea-EU Free Trade Agreement (FTA) Trade Committee Meeting on October 31 in Seoul to assess the FTA implementation progress and discuss trade issues, including the EU's Carbon Border Adjustment Mechanism (CBAM). In presiding the 11th Korea-EU FTA Trade Committee meeting, the trade chiefs of Korea and the EU assessed the FTA implementation progress and agreed to expand free trade date2023-11-02

Korea and Chile solidify cooperation in hydrogen, renewable energy & critical minerals

Trade, Industry and Energy Minister Bang Moon Kyu visited Chile from October 29-November 1 as a Special Presidential Envoy to strengthen economic cooperation with Latin American nations in view of their recently rising strategic importance in terms of critical minerals supply chain and other issues. The visit was accompanied by an economic delegation composed of 39 representatives of public and private organizations and companies, including Korea Trade-Investment Promotion Agency (KOT date2023-11-01

Minister to visit Chile & Trinidad and Tobago for stronger cooperation with Latin America

Trade, Industry and Energy Minister Bang Moon Kyu will be visiting the Republic of Chile and the Republic of Trinidad and Tobago starting October 28 to strengthen industrial and energy cooperation with Latin American nations. For Chile, this visit by the MOTIE Minister is one in eight years since April 2015, while for Trinidad and Tobago, this will be the very first. The minister is to be accompanied by an economic delegation composed of 40 representatives from both public and private organizati date2023-10-30

Korean delegation to participate in WTO's SOM ahead of MC13

The Trade, Industry and Energy Ministry’s Director General for Multilateral Trade and Legal Affairs will be heading the Korean delegation attending the World Trade Organization (WTO) Senior Officials Meeting (SOM) held through October 23-24 in Geneva in preparation for the upcoming ministerial meetings (MC13) in Abu Dhabi in February next year. On the first day of SOM on October 23, attendees will discuss various issues that require the WTO headquarters’ guidance and direction for s date2023-10-23

Korea and GCC to kick off 8th official negotiating round for FTA

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 22 that Korea and the six Middle Eastern countries of the Gulf Cooperation Council (GCC) are holding the eighth round of official negotiations for the Korea-GCC free trade agreement (FTA) through October 23-27 in Seoul. The Korean delegation is headed by MOTIE’s Director General for FTA Negotiations Chang Sung-gil and composed of approximately 30 relevant ministries’ officials, including those from the Ministry date2023-10-23

Korea and UAE strike CEPA deal

Minister for Trade Dukgeun Ahn and the United Arab Emirates (UAE) Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi held the Korea-UAE trade ministerial meeting on October 14 at the Korea Chamber of Commerce and Industry (KCCI) in Seoul, where they signed the joint statement announcing the conclusion of negotiations on the Korea-UAE Comprehensive Economic Partnership Agreement (CEPA). date2023-10-18

Korea and UAE strike CEPA deal

Minister for Trade Dukgeun Ahn and the United Arab Emirates (UAE) Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi held the Korea-UAE trade ministerial meeting on October 14 in Seoul, where they signed the joint statement announcing the conclusion of negotiations on the Korea-UAE Comprehensive Economic Partnership Agreement (CEPA), which is Korea’s 24th free trade agreement (FTA). In accordance with the anticipated “New Middle East Boom” fostered subsequent to Pr date2023-10-17

Korean delegation participates in 6th IPEF negotiating round

Trade, Industry and Energy Ministry’s Deputy Minister for FTA Negotiations Roh Keon-ki is heading the Korean delegation, composed of representatives of approximately 20 government ministries, in the sixth negotiating round of the Indo-Pacific Economic Framework for Prosperity (IPEF) held from October 15-24 in Kuala Lumpur, Malaysia. The 14 IPEF member countries participating in this round of negotiations include Korea, the U.S., Japan, Australia, Singapore, Vietnam and India, whose shared date2023-10-16

Korea and Saudi hold 4th Vision 2030 ministerial meeting

Trade, Industry and Energy Minister Bang Moon Kyu attended the fourth Korea-Saudi Vision 2030 Committee ministerial meeting on October 13 at the Four Seasons Hotel Seoul with Saudi Investment Minister Khalid A. Al-Falih in the presence of both countries’ delegations to inspect the implementation progress of economic summit diplomacy outcomes, and discussed measures for Korean companies’ entrance into automobile, bio, mobile payment, games and entertainment markets across the Middle E date2023-10-13