Ministry of Trade, Industry and Energy

Minister for Trade Inkyo Cheong is holding the first “New Trade Roundtable” at the Government Complex Sejong to assess the supply chain trade strategy on April 17, the day the Indo-Pacific Economic Framework for Prosperity (IPEF) Supply Chain Agreement entered into force in Korea. Representatives from related associations, academia, and research institutions are attending the meeting to participate in discussions for supply chain stability and diversification utilizing the IPEF Agreement.

 

Attendees examine the prospects of pushing joint projects with IPEF partner countries on import channel diversification, R&D, and logistics improvement concerning urea, graphite, rare-earth magnets, and other items included under the eight supply chain anchor projects MOTIE announced in March. Further negotiations will be held should it become necessary that the above items are handled in joint projects in implementing the IPEF Agreement.