Ministry of Trade Industry and Resources

Vice Minister Seeks Deeper Ties with Myanmar

date2013-06-24

Korea, Ecuador Talk on Trade and Energy

date2013-06-21

Minister Greets Chairman of U.S. International Trade Commission

Minister Greets Chairman of U.S. International Trade Commission Minister of Trade, Industry and Energy Yoon Sang-jick met with the Chairman of the U.S. International Trade Commission Irving A. Williamson on June 17 in Seoul. The discussion focused on the current status of bilateral ties in trade and investment and issues related to trade disputes and intellectual property rights. date2013-06-20

Minister Praises Strong Economic Ties with the U.S.

date2013-06-12

Korea, Mozambique Discuss Mineral Resources

Korea, Mozambique Discuss Mineral Resources Minister of Trade, Industry and Energy Yoon Sang-jick greets his Mozambican counterpart Minister of Mineral Resources Esperança Bias on June 3 at the Gwacheon Government Complex. The two officials discussed how to expand bilateral ties in the gas and mineral resources sector. date2013-06-11

Korea, Iraq Focus on Industry, Trade and Energy

Korea, Iraq Focus on Industry, Trade and Energy Minister of Trade, Industry and Energy Yoon Sang-jick shakes hands with his Iraqi counterpart Minister of Electricity, Karim Aftan Al Jumaili on May 23 in Gwacheon. The two officials exchanged views on bilateral ties in areas including industry, trade and energy. date2013-05-31

Minister Attends 2013 APEC meeting

Minister Attends 2013 APEC meeting Minister of Trade, Industry and Energy Yoon Sang-jick (first row, third from right) stands with representatives of APEC member countries. He attended the 2013 APEC Ministers Responsible for Trade Meeting held on April 20 in Surabaya, Indonesia. date2013-04-25

Vice Minister Speaks with World Bank’s Vice President

Vice Minister Speaks with World Bank’s Vice President Vice Minister for Industry and Technology Kim Jae-hong met with the Vice President of World Bank, Janamitra Devan, on April 2 at the Gwacheon Government Complex. The two officials discussed how to share Korea’s industrial development experience with emerging economies, including that of industrial clusters and free economic zones. date2013-04-10

Korea, Indonesia Talk Economic Cooperation

date2013-04-05

Korea-Turkey FTA to Take Effect on May 1

The Ministry of Trade, Industry and Energy has announced that the Framework Agreement Establishing a Free Trade Area between the Republic of Korea and the Republic of Turkey and their Agreement on Trade in Goods will be brought into force on May 1, 2013. The trade deal was officially signed in August 2012, but domestic procedures for implementation in both countries were completed at the end of March 2013. With the deal in effect, tariffs on almost all trading items will be eliminated within ten years. For industrial products, in particular, all tariffs will be phased out over a seven-year period. The Turkish economy shows great potential, with strong recent growth and the second largest population in Europe. Given the nation’s geographically strategic importance as a bridge between Europe, the Middle East and Africa, the trade pact is expected to serve as an important catalyst for the two economies to expand and develop bilateral economic and trade relations and widen the scope of their cooperation. In order to pursue a comprehensive agreement, the two sides have also agreed to conclude negotiations on services and investment within one year of the entry into force of the Agreement. The Korea-Turkey FTA is the ninth such trade deal for Korea and makes Turkey the country’s 46th FTA partner. * Released by the FTA Negotiation Coordination Division date2013-04-05