Ministry of Trade, Industry and Energy

Korea, Saudi Arabia launch Vision 2030 Committee

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 27 that Korea and Saudi Arabia launched the Korea-Saudi Vision 2030 Committee and held a first ministerial-level meeting of the bilateral cooperation platform.   The Korea-Saudi Vision 2030 Committee was set up to systemically support cooperation on the implementation of the Vision 2030, the Kingdom’s new roadmap for development.   The Committee will have a central role in the two countries’ collabo date2017-10-27

Minister Paik discusses bilateral cooperation with Saudi Arabia’s economic minister

Trade, Industry and Energy Minister Paik Ungyu (left) posed for a photo with Saudi Arabian Minister of Economy and Planning Adel M. Fakeih during their meeting at a hotel in eastern Seoul on October 26.  During the Saudi Minister and his delegation’s visit to Korea, the Ministry of Trade, Industry and Energy and Saudi Arabia’s Ministry of Economy and Planning held the first meeting of the Korea-Saudi Vision 2030 Committee to discuss bilateral cooperation on the Kingdom’s date2017-10-26

20th round of RCEP negotiations kick off in Incheon

Trade Minister Kim Hyun-chong (sixth from right in the front row) poses for a photo with officials of the Trade Negotiating Committee during the opening ceremony for the 20th round of official negotiations on the Regional Comprehensive Economic Partnership (RCEP) in Songdo, Incheon, on October 24. The RCEP is a proposed free trade agreement (FTA) among 16 nations in the Asia Pacific region including Korea and 10 member states of the Association of Southeast Asian Nations (ASEAN). At the open date2017-10-24

Trade minister meets Iraq’s Deputy Oil Minister

Trade Minister Kim Hyun-chong (left) posed for a photo with Iraq’s Deputy Oil Minister Fayadh Hassan Nima during their meeting at a hotel in downtown Seoul on October 23.  At the meeting, the Korean Trade Minister and the Iraqi Deputy Oil Minister exchanged views on the development of the two countries’ energy industries.    date2017-10-23

20th round of RCEP negotiations to start in Incheon on Oct. 24

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 23 that the 20th round of negotiations for the Regional Comprehensive Economic Partnership (RCEP) will take place in Songdo, Incheon between October 24 and 28.     The RCEP is a proposed free trade agreement (FTA) among 16 nations in the Asia Pacific region including Korea, Japan, China, and 10 member states of the Association of Southeast Asian Nations (ASEAN).     Around 800 officials from date2017-10-23

Ministry hosts luncheon with ambassadors of Southeast Asian nations

Deputy Minister for Trade Negotiations Lee Sang-jin (third from left) of the Ministry of Trade, Industry and Energy spoke in a luncheon with ambassadors of Southeast Asian countries to Korea in downtown Seoul on October 19.  The luncheon was arranged for discussion on the Regional Comprehensive Economic Partnership (RCEP), the mega FTA under negotiations involving 16 countries in the Asia Pacific region including Korea and 10 member states of the Association of Southeast Asian Nations (ASE date2017-10-19

2nd special session of KORUS FTA Joint Committee takes place in Washington DC

Trade Minister Kim Hyun-chong (third from right) and United States Trade Representative Robert Lighthizer (third from left) co-chaired the second special session of the Korea-U.S. Free Trade Agreement (KORUS FTA) Joint Committee on October 4 in Washington, D.C.  The Korean and U.S. governments held the second special session of the KORUS FTA Joint Committee in order to continue discussions on the bilateral trade pact with a view to further improving its benefits to both sides.  The s date2017-10-05

2nd special session of KORUS FTA Joint Committee held in Washington DC

The Ministry of Trade, Industry and Energy announced that the Ministry and the United States Trade Representative (USTR) convened the second session of the Korea-U.S. Free Trade Agreement (KORUS FTA) Joint Committee on October 4 in Washington, D.C. to continue discussions on the bilateral trade deal.    Trade Minister Kim Hyun-chong and U.S. Trade Representative Robert Lighthizer co-chaired the special session of the Joint Committee established under the KORUS FTA. Trade Minister Kim date2017-10-05

Korea, India sign agreed minutes at 3rd CEPA Joint Committee meeting

Trade Minister Kim Hyun-chong (left) and India’s Minister of Commerce and Industry Suresh Prabhu posed for a photo with the signed agreed minutes at the third meeting of the Joint Committee on the Korea-India Comprehensive Economic Partnership Agreement (CEPA) held on September 23 at the COEX in southern Seoul. Trade Minister Kim and Minister Prabhu signed the agreed minutes after discussing the Korea-India CEPA, bilateral industrial and technological cooperation, import regulations, and date2017-09-23

Ministry hosts 7th ASEM Economic Ministers’ Meeting in Seoul

Trade, Industry and Energy Minister Paik Ungyu (center) delivered a speech at the opening ceremony of the seventh ASEM (Asia-Europe Meeting) Economic Ministers’ Meeting (ASEM EMM) at the COEX in southern Seoul on September 22. In his opening remarks, Minister Paik called for ASEM member countries’ joint responses to protectionism and support for multilateral trade system.  During the meeting, themed “Innovative Partnership for Inclusive Prosperity of Asia and Europe,&rdq date2017-09-22