Ministry of Trade Industry and Resources

The Ministry of Trade, Industry and Resources (MOTIR) held the 20th Korea–France Industrial Cooperation Committee meeting on Wednesday, December 3, in Sejong, chaired by Park Jung-sung, Deputy Minister for Trade. Deputy Minister Park met with Thomas Courbe, Director General for Enterprises (DGE) at the French Ministry of Economy and Finance, to discuss bilateral cooperation in industry and supply chains and to exchange views on key trade issues related to France and the EU.

France is Korea’s third-largest trading partner within the EU, with bilateral trade reaching USD 13.7 billion in 2024. Both exports and imports have increased over the past five years, further deepening economic interdependence. Since the 1990s, the two countries have maintained longstanding government-level cooperation channels—such as the Industrial Cooperation Committee and the Korea–France Forum on Innovative Industries—while private-sector collaboration has also expanded in advanced industries, including automobiles and batteries.

The two sides reviewed policies and recent developments related to bilateral cooperation, critical minerals, electric vehicles, and batteries, and discussed ways to deepen cooperation. They underscored the importance of close policy dialogue to strengthen competitiveness in advanced industries.

The Korean side also conveyed concerns that the EU Foreign Subsidies Regulation (FSR), the EU’s proposed new steel import measures, and France’s electric vehicle subsidy scheme may act as trade barriers between Korea and the EU by protecting domestic industries. Korea highlighted the need to pursue Korea–EU negotiations on steel TRQs in a cooperative spirit and to establish a more reasonable methodology for calculating carbon-emission factors under France’s EV subsidy program.

MOTIR stated that the meeting provided an opportunity to reinforce Korea–France cooperation and discuss key trade issues in depth. The Ministry added that it will continue engaging with France and the EU through high-level and working-level channels to follow up on the issues discussed.