Ministry of Trade, Industry and Energy

Korea, Saudi Arabia to host investment and cooperation committee meeting in 2nd half

Trade, Industry and Energy Minister Joo Hyunghwan met with his Saudi counterpart Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia, in Seoul on July 1, 2016 to discuss issues of the global petroleum market and ways to expand economic and business cooperation between the two countries.   During the meeting, Minister Joo stressed the importance of Saudi Arabia for the country’s economic development and trade growth. Saudi Arabia is the largest oil suppl date2016-07-12

Minister Joo speaks at G20 Trade Ministers’ Meeting

  Trade, Industry and Energy Minister Joo Hyunghwan spoke at the G20 Trade Ministers’ Meeting at the Shangri-La Hotel, Shanghai, on July 10. At the meeting, Minister  stressed the G20 member countries need to work closer to boost trade despite growing protectionism.   date2016-07-11

Minister Joo discusses economic cooperation with Saudi Energy Minister

date2016-07-01

Second Ministerial-Level Joint Committee to be Held on Korea-India CEPA

Second Ministerial-Level Joint Committee to be Held on Korea-India CEPA    Minister of Trade, Industry and Energy Joo Hyunghwan will attend the Korea-India infrastructure industry cooperation forum, the Korea Plus opening ceremony and the second ministerial-level joint committee on the Korea-India CEPA in New Delhi, India, on June 17 and 18. * CEPA: Comprehensive Economic Partnership Agreement.   The upcoming events, including the joint committee, will be held to examine the imple date2016-06-16

Korea-Columbia Free Trade Agreement goes into effect

Korea-Columbia Free Trade Agreement goes into effect   Korea-Columbia free trade agreement will go into effect on July 15 , 2016.   The Ministry of Trade, Industry and Energy has revealed that the government of Columbia notified the Korean embassy on June 15 that it has completed the process of ratification. On the basis of the clause that describes the effective date of the agreement, the Korea-Columbia FTA comes into effect 30 days after notification from the Columbian govern date2016-06-16

First Korea-Eurasian Economic Union (EEU) industry cooperation committee to be held

The Ministry of Trade, Industry and Energy is sending a delegation headed by Deputy Minister for Trade Lee Inho to Russia from June 15 to June 16.   The delegation will hold the first Korea-Eurasian Economic Union (EEU) Industry Cooperation Committee in an effort to expand exports into the EEU region, which includes Russia.     Attachment: 0615 Korea-Eurasia Awakens Unlimited Potential of Cooperation date2016-06-15

MOTIE hosts the first meeting of Korea-EEU Commission on Industrial Cooperation

The Eurasian Economic Union (EEU) was launched in January 2015.   The Eurasian Economic Union (EEU) is an economic community that consists of Russia, Kazakhstan, Kyrgyzstan, Belarus and Armenia. The community has a high prospect of emerging as the EU of the East Europe, considering the region's rich natural resources and growth potential.   Russia has the world's second largest deposit of natural gas, coals, and tungsten, and Kazakhstan has the world's second largest reserve of chrome date2016-06-15

Vice Minister Woo meets with Azerbaijani Vice Minister of Communications and High Technologies

Vice Minister Woo Taehee (left)) meets with Mammamov, Vice Minister of Communications and High Technologies of Azerbaijan, at the Lotte Hotel on June 14, 2016 to discuss issues of mutual interest including Korea-Azerbaijan bilateral trade and investment, plant exportation, and exchange of nuclear energy experts and technology.   date2016-06-14

Pursuing Korea-Israel FTA with Focus on Cooperation in Technology and Startups

  The Ministry of Trade, Industry and Energy (headed by Minister Joo Hyunghwan) held an expert meeting on June 2, to project the tangible outcome of the Korea–Israel free trade agreement (FTA). Assistant Minister for Trade Negotiations Kim Hak-do presided over the meeting, which was attended by private enterprises, research institutes, and investment institutions with interests in exports and cooperation in startups and technology. In preparation for the upcoming Korea-Israel FTA negotiations, this meeting was arranged to examine the status of bilateral trade and cooperation in startups and technology, as well as to discuss ways of further expanding these areas through the agreement.   date2016-06-02

Fourth Round of Negotiations to be Held on Korea–Central America Free Trade Agreement (Tegucigalpa, May 23–27)

Fourth Round of Negotiations to be Held on Korea–Central America Free Trade Agreement (Tegucigalpa, May 23–27) Exports and Investments to be Expanded by Tapping Central American Market   The fourth round of negotiations on the free trade agreement (FTA) between Korea and six Central American countries* will be held in Tegucigalpa, the capital of Honduras, from May 23 to May 27 (local time).   * The participating Central American countries are Costa Rica, El Salvador, Guatem date2016-05-23