Ministry of Trade, Industry and Energy

Trade Minister holds talks on the sidelines of OECD 2022 Ministerial Council

Trade Minister Ahn Duk-geun held bilateral talks with EU Trade Commissioner Valdis Dombrovskis and OECD Secretary-General Mathias Cormann, respectively, on the occasion of the OECD 2022 Ministerial Council Meeting through June 9-10 in Paris. First, Minister Ahn met with Commissioner Valdis Dombrovskis on June 9, where the two trade chiefs discussed the Korea-EU FTA, digital, supply chain, environment and other new trade issues. Trade Minister Ahn urged the EU to closely coordinate with the Sou date2022-06-10

5th round of Korea-GCC FTA negotiations

The Ministry of Trade, Industry and Energy (MOTIE) chief FTA negotiator Lee Kyung-sik led the South Korean delegation in the 5th round of Korea-GCC FTA negotiations held through June 6-9 in Riyadh, Saudi Arabia. The 4th round of negotiations were held in March this year after a 13-year hiatus, where the two sides discussed their respective areas of interest. In the 5th round, talks cover products, services, investment, e-commerce, customs clearance, sanitary and phytosanitary measures (SPS), te date2022-06-09

The 5th round of Korea-GCC FTA negotiations

Trade, Industry and Energy Ministry’s chief FTA negotiator Lee Kyung-sik led the South Korean delegation in the 5th round of Korea-GCC FTA negotiations held in Riyadh, Saudi Arabia on June 6.   The senior FTA negotiator gave opening remarks and facilitated negotiations on relevant products and services, investment, e-commerce, customs clearance, sanitary and phytosanitary measures (SPS), technical barriers to trade (TBT) and SMEs collaboration.   The South Korean delegation w date2022-06-09

8th Korea-EU working group meeting on trade remedy cooperation

The Ministry of Trade, Industry and Energy (MOTIE) held the 8th Korea-EU working group meeting on trade remedy cooperation (hereinafter “working group”) via videoconference on May 19 to assess respective trade defense mechanisms, inform each other on trade remedy laws, and exchange views on trade remedy policies of major trading partners. “Trade remedy” refers to safeguards and such import regulatory measures put in place to instill fair trade order and protect domestic date2022-05-20

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

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

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

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

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

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