Ministry of Trade, Industry and Energy

ASEM economic ministers voice support for free, multilateral trade system

The Ministry of Trade, Industry and Energy announced on September 22 that members of the Asia-Europe Meeting (ASEM) voiced their support for free trade and multilateral trade regime at the seventh ASEM Economic Ministers’ Meeting (ASEM EMM) in Seoul.    Economic ministers and high-level officials from the 51 ASEM members adopted a joint statement that supports multilateral trade system and calls for joint response to protectionism. The statement also urged ASEM members to make date2017-09-22

Minister Paik discusses economic cooperation with Swedish Trade Minister

Trade, Industry and Energy Minister Paik Ungyu (left) posed for a photo with Sweden’s Minister for EU Affairs and Trade Ann Linde during their meeting at the Government Complex Seoul in downtown Seoul on September 20.  Minister Paik expressed his gratitude for the Swedish Minister’s participation in the seventh ASEM (Asia-Europe Meeting) Economic Ministers’ Meeting, which the Ministry of Trade, Industry and Energy is hosting in Seoul on September 21 and 22. The two Minist date2017-09-20

Korean, US trade ministers meet in Washington DC

The Ministry of Trade, Industry and Energy announced that Trade Minister Kim Hyun-chong met with United States Trade Representative (USTR) Robert Lighthizer on September 20 in Washington D.C. to discuss the Korea-U.S. Free Trade Agreement (KORUS FTA).    During the meeting, the Korean side proposed a second special session of the Joint Committee under the KORUS FTA to continue talks on matters discussed in the first special session held on August 22 in Seoul.    Based on date2017-09-20

Trade Minister meets Governor of Wisconsin

Trade Minister Kim Hyun-chong (left) shook hands with Governor of Wisconsin Scott Walker during their meeting at the Ministry of Foreign Affairs in downtown Seoul on September 14.  Trade Minister Kim and Governor Walker, who led a 22-member delegation from the U.S. state of Wisconsin, exchanged views on the Korea-U.S. Free Trade Agreement and discussed economic collaborations between Korea and Wisconsin.    date2017-09-14

Trade Minister attends 5th RCEP Ministerial Meeting in Manila

Trade Minister Kim Hyun-chong (fourth from left in the front row) posed for a photo at the fifth Regional Comprehensive Economic Partnership (RCEP) Ministerial Meeting on September 10 in Manila, the Philippines. Trade Minister Kim met with his counterparts from 15 other participating nations in Asia Pacific to accelerate negotiations for the proposed regional free trade agreement (FTA). The RCEP is the only mega FTA under negotiations involving 16 nations the region including Korea, Japan, Chin date2017-09-11

Trade Minister discusses regional cooperation at 20th AEM Plus Three Consultations in Manila

Trade Minister Kim Hyun-chong (third from right at the table) spoke at the 20th ASEAN (Association of Southeast Asian Nations) Economic Ministers (AEM) Plus Three Consultations on September 10 in Manila, the Philippines.  The meeting was attended by economic ministers from Korea, China, and Japan as well as from 10 ASEAN member countries. They reviewed the implementation of recommendations from the East Asia Vision Group, which Korea had proposed to establish, and sought how Korea, China, date2017-09-11

Korea, ASEAN discuss further economic cooperation in Manila

The Ministry of Trade, Industry and Energy announced on September 10 that Korea and the Association of Southeast Asian Nations (ASEAN) discussed further economic cooperation during Trade Minister Kim Hyun-chong’s visit to Manila from September 8 to 10.   The talks, which aim to deepen and expand relations with the ASEAN, encompassed further liberalization under the Korea-ASEAN Free Trade Agreement (FTA) and a new mega trade pact, the Regional Comprehensive Economic Partnership (RCEP date2017-09-10

Trade Minister exchanges views on economic issues with Mexico's Undersecretary of Foreign Affairs

Trade Minister Kim Hyun-chong (right) spoke with Mexico’s Undersecretary of Foreign Affairs Carlos Alberto De Icaza Gonzales at the Government Complex in Seoul on September 1 during the Mexican top official’s visit to Korea.  Trade Minister Kim and Foreign Affairs Undersecretary De Icaza exchanged views on issues of mutual interest including bilateral trade and economic cooperation and discussed latest developments on the renegotiation of the North American Free Trade Agreeme date2017-09-01

Minister Paik discusses economic cooperation with Uzbekistan’s Deputy Prime Minister

Trade, Industry and Energy Minister Paik Ungyu (left) posed for a photo with Uzbekistan’s Deputy Prime Minister Jamshid Anvarovich Kuchkarov at the Government Complex in Seoul on August 31 during the Uzbek leader’s visit to Seoul. Minister Paik and Deputy Prime Minister Kuchkarov discussed the expansion of mutually beneficial bilateral economic cooperation as well as a plan to convene a meeting of the Korea-Uzbekistan Joint Committee on Trade and Economic Cooperation. The two leader date2017-08-31

Korea, US hold special session of the KORUS FTA Joint Committee in Seoul

Trade Minister Kim Hyun-chong (right side of display) and United States Trade Representative (USTR) Robert Lighthizer (left side of display) held a videoconference during a special session meeting of the Korea-U.S. Free Trade Agreement (KORUS FTA) Joint Committee.    The Ministry of Trade, Industry and Energy (MOTIE) and the USTR convened a special session meeting of the KORUS FTA Joint Committee at a hotel in downtown Seoul on the morning of August 22 in accordance with a request by date2017-08-22