Ministry of Trade, Industry and Energy

The Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea and Japan’s Ministry of Economy, Trade and Industry (METI) held the second Korea-Japan Global Green Policy Dialogue (“Dialogue”) today in Seoul and discussed cooperation in global carbon regulation response, carbon-neutrality policies, and clean energy areas.

Launched as a follow-up measure to the two countries’ trade and industry ministers’ meeting held in April 2024, the Dialogue was elevated to director general-level in view of the rising importance of responding to global carbon regulations.

The two sides concurred with making joint efforts to prevent global carbon regulations from acting as trade barriers. They also reaffirmed the need for cooperation in clean energy areas and agreed to strengthen bilateral and multilateral cooperation in achieving carbon neutrality. 

MOTIE’s New Trade Strategy and Policy Support Officer Shim Jin-soo stated that as countries are taking steps to introduce carbon-related regulations, wider cooperation with likeminded countries like Japan will help to bolster Korean industries’ carbon competitiveness and minimize negative impact on exports. 

Ryuzaki Takatsugu, Director-General for GX Promotion at Japan’s METI, said that it is important for Japan and Korea to work closely together to effectively respond to the green transformation and other related changes across the global landscape.

Going forward, the Korean government plans to heighten support to boost domestic companies’ capacity to respond against global carbon regulations through briefings, help desks, and consultations.