Ministry of Trade, Industry and Energy

Minister Joo attends WTO Ministerial Gathering in Davos

The Ministry of Trade, Industry and Energy announced January 23 that Trade, Industry and Energy Minister Joo Hyunghwan attended on the informal World Trade Organization (WTO) Ministerial Gathering on January 20 in Davos, Switzerland.    The informal meeting of ministers from the WTO member countries is hosted every year by the Swiss government in the fringes of the World Economic Forum Annual Meeting in Davos. At this year’s meeting, ministers from 29 WTO members and the WTO Di date2017-01-23

Minister Joo attends WTO Ministerial Gathering in Davos

Trade, Industry and Energy Minister Joo Hyunghwan (fourth from right, second row) attended the informal World Trade Organization (WTO) Ministerial Gathering on January 20 in Davos, Switzerland and discussed potential outcomes of the 11th WTO Ministerial Conference taking place this December in Buenos Aires, Argentina. At the meeting, Minister Joo highlighted the need for consistent measures to promote free trade amid challenges to the multilateral trade system such as the rise in protectionism date2017-01-23

Minister Joo attends 47th World Economic Forum Annual Meeting in Davos

Trade, Industry and Energy Minister Joo Hyunghwan (third, clockwise) attended the 47th Annual Meeting of the World Economic Forum in Davos, Switzerland, from January 17 to 19.    Minister Joo participated and led discussions at the meeting of the Board of Stewards for the “Shaping of Future of Production” initiative, one of the 14 core initiatives of the World Economic Forum, and at another session on the future of production and regional strategies.    The Wo date2017-01-20

Minister Joo attends World Economic Forum Annual Meeting in Davos

The Ministry of Trade, Industry and Energy announced on January 20 that Trade, Industry and Energy Minister Joo Hyunghwan attended the 47th Annual Meeting of the World Economic Forum in Davos, Switzerland, from January 17 to 19.   At this year’s Davos forum, with the theme of “Responsive and Responsible Leadership,” Minister Joo attended the opening ceremony where Chinese President Xi Jinping delivered a keynote speech and participated as a main panelist in various sessi date2017-01-20

Minister Joo discusses industrial cooperation with Saudi Arabian energy minister in Davos

Trade, Industry and Energy Minister Joo Hyunghwan (right) met Saudi Arabian Energy, Industry and Mineral Resources Minister Khalid A. Al-Falih (left) on January 18 at the 47th World Economic Forum Annual Meeting in Davos, Switzerland, and discussed bilateral industrial cooperation for the kingdom’s new development plans. Minister Joo and Minister Al-Falih agreed to convene a ministerial meeting in February in Saudi Arabia to discuss programs for bilateral cooperation in line with Saudi Vi date2017-01-20

Korea, China hold 1st FTA Joint Committee meeting in Beijing

The Ministry of Trade, Industry and Energy announced on January 13 that the Korea-China Free Trade Agreement (FTA) Joint Committee held the first meeting in Beijing, China to review the implementation of the bilateral trade pact, one year after it entered into force in December 2015.    The high-level Joint Committee, established under the Korea-China FTA, oversees its implementation and resolves trade-related issues. Its first meeting was co-chaired by Director General for Trade Coo date2017-01-13

Korea, U.S. host 4th KORUS FTA Joint Committee meeting in Seoul

The Ministry of Trade, Industry and Energy announced on January 12 that the fourth meeting of the Korea-U.S. Free Trade Agreement (KORUS FTA) Joint Committee was held in Seoul to review the implementation of the bilateral trade pact.    The fourth meeting of the high-level Joint Committee, established under the KORUS FTA, was attended by Deputy Minister for Trade, Ministry of Trade, Industry and Energy Lee Inho, Assistant U.S. Trade Representative for Japan, Korea and APEC Michael Be date2017-01-13

Korea, China, Japan agree to accelerate FTA talks

The Ministry of Trade, Industry and Energy announced on January 12 that top trade officials from Korea, China and Japan agreed at a meeting held in Beijing last Monday to Wednesday to accelerate the free trade negotiations for the 11th round of Korea, China, Japan FTA talks.  The meeting, as the first trilateral high-level negotiation held since June last year, was attended by Deputy Minister for Trade Negotiations Lee Sang-jin of the Ministry of Trade, Industry and Energy, and his counter date2017-01-12

Korea, China and Japan hold 11th round of FTA talks in Beijing

Deputy Minister for Trade Negotiations Lee Sang-jin of Korea’s Ministry of Trade, Industry and Energy (right) poses with China’s Vice Minister of Commerce Wang Shouwen (center) and Japan’s Deputy Foreign Minister for Economic Affairs Keiichi Katakami (left) during the 11th round of trilateral FTA negotiations in Beijing on January 11.    This was the first trilateral gathering of senior-level trade officials since the decision to accelerate the free trade talks duri date2017-01-11

Minister Joo co-chairs Korea-EU FTA Joint Committee meeting

Trade, Industry and Energy Minister, Joo Hyunghwan (second from right), co-chaired the 6th Joint Committee meeting under Korea and the European Union FTA in Belgium on December 16 (local time). During the meeting co-hosted by Cecilia Malmström, the European Commissioner for Trade, Minister Joo assessed the benefits under the current free trade pact with roughly 40 other delegates from both sides. Korea and the EU have discussed ways to further improve the trade deal, since the free trade a date2016-12-19